Liar's Poker: Rising Through the Wreckage on Wall Street Study Guide

Liar's Poker: Rising Through the Wreckage on Wall Street

Liar's Poker: Rising Through the Wreckage on Wall Street by Michael Lewis

The class involves lectures from various MDs and speeches given by upper management. Most were there to gloat about themselves and looking for ego-boosts. Rarely anything useful came out of these classes. Memorable speakers included:

  • The Human Piranha - Perfect example of the fuckspeak culture on the trading floor.
  • Sangroid - cold and intimidating, made a point that every trainee must live and breathe the financial world.
  • Richard O'Grady - a young trader who started at Salomon as a lawyer. He told true, personal stories of various abuses at Salomon. Once walked out on an interview with the company but came back a year later.

Everyone wanted to be in the mortgage bond department because that is where the money is at, and no one wanted to be in equities. "Equity in Dallas" became the lowest of the low for a trainee to end up in.

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