Michael Lewis

4.31101 learners

Michael Lewis’s *Liar’s Poker* pulls back the curtain on the raucous, cutthroat world of 1980s Wall Street through his wild journey as an unlikely Solomon Brothers trader. Starting as an art history grad laughed out of investment bank interviews, Lewis lands a spot at Solomon’s legendary training program, where he witnesses the firm’s brutal, profit-obsessed culture firsthand. He dives into the rise of the mortgage-backed securities division, led by the larger-than-life Lewis Ranieri, who turned a neglected corner of finance into a cash cow—only to see it collapse amid internal backstabbing, talent poaching, and market shifts. Along the way, Lewis exposes the absurdities: million-dollar poker bets between executives, ruthless office politics, and a system where greed trumps ethics. By the end, he walks away from seven-figure paychecks, disillusioned by a world where success hinges on deception and self-preservation over real value.

Charles D. Ellis

4.4513 learners

Tracing Goldman Sachs’ century-long journey from a humble street-side bill business to Wall Street’s most dominant investment bank, *The Partnership* pulls back the curtain on the larger-than-life partners who shaped its fate. From rags-to-riches trailblazer Sidney Weinberg, who turned a janitorial assistant gig into firm leadership, to trading visionary Gus Levy, who revolutionized block trading, and crisis navigator Lloyd Blankfein, who steered the firm through the 2007 subprime meltdown, this book chronicles the firm’s triumphs and near-collapse. It unpacks how Goldman survived the 1929 stock crash, the Penn Central bankruptcy, and the LTCM crisis, while pioneering game-changing strategies like merger defense and bond proprietary trading. More than a financial history, it explores the unwritten rules of partner culture—teamwork, integrity, and relentless talent recruitment—that turned a family-run firm into a global financial powerhouse, revealing the power struggles, tough calls, and unyielding ambition that defined its rise.