Most important lesson learned: do your own research. Approach Broker provided research with professional skepticism. Neither giving it credence, not ignoring it, but rather as a voice to consider - while asking questions. What motivation do they have? Who agrees with them; who disagrees;why? What does my own research support? One major benefit of the Internet, is the ability to obtain source information.
Most important belief confirmed: If a brokerage firm is placing an offering - their loyalty is to themselves, not the investor and not the company whose bonds or stocks they are placing.
Memoir of a young man's entry into investment banking in 1985 with a bonus--a succinct, clear, easily understood explanation of growth of the junk bond business. It's hilarious and terrifying all at the same time.
No. I didn't notice that the audible version is abridged; and I wish I HAD noticed. I wouldn't have bought it.
I PREFER the author's voice, so that's a plus for me. As others have noted, the music is distracting, and I REALLY dislike that it's abridged. I wasn't looking for the Cliff Notes version!
as with any non-fiction book you just assume it's all true but even if all of this is nonsense (which I highly doubt) it's still highly entertaining!
Very enjoyable tale - from an outsider's perspective - of what it felt like to work on Wall Street in the 80s.
Michael Lewis is a good writer: the prose is solid and straightforward, but not without style. He makes jokes and learned references without calling attention to them. He is self-deprecating but not demure or disingenuous.
The story itself is engaging and brisk - maybe the book's greatest strength is its short length, as it never runs out of steam. The anecdotes are interesting without being "Wolf of Wall Street" -type caricatures.