Liar's Poker
Loading…

Liar's Poker

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.

Solomon BrothersMortgage-Backed SecuritiesLiar's PokerJohn GutfundLewis Ranieri
Scenario

$1M Liar's Poker

Gutfreund challenges Meriwether to a $1M game. Meriwether raises to $10M, and Gutfreund backs down—showing who has bigger nerve.

Power PlayBluffing
Concept

Liar's Poker Game

A bluffing game using dollar bills—traders guess serial number digits. It reflects Wall Street's cutthroat culture of nerve and deception.

Wall Street CultureTrading Games
No more