In this shrewd and wickedly funny audiobook, Michael Lewis describes an astonishing era and his own rake's progress through a powerful investment bank. From an unlikely beginning (art history at Princeton?) he rose in two short years from Salomon Brothers trainee to Geek (the lowest form of life on the trading floor) to Big Swinging Dick: a bond salesman who could turn over millions of dollars' worth of doubtful bonds with just one call.
A born storyteller, Michael Lewis shows us how things really worked on Wall Street. The bond traders, wearing greed and ambition as badges of honor, might well have swaggered straight from the pages of Bonfire of the Vanities. But for all their outrageous behavior, they were in fact presiding over enormous changes in the world economy. Lewis' job was to transfer money, in the form of bonds, from those outside America who saved to those inside America who consumed. In doing so, he generated tens of millions of dollars for Salomon Brothers and earned for himself a ringside seat on the greatest financial spectacle of the decade: the leveraging of America.
©1989 Michael Lewis; (P)1990 Random House, Inc. Random House Audio, a division of Random House, Inc.
"His description of the firm's personalities and of the events from 1984 through the crash of October 1987 are vivid and memorable. Readers of Tom Wolfe's The Bonfire of the Vanities are likely to enjoy this personal memoir." (Library Journal)
An amazing book, gives you an insight on the investment banking. I've read the actual book and there are so many interesting details missed in the Abridged version!! Get it in full!!
Learn, understand, then decide whether you accept or reject.
For most people, Wall Street and finance are mysterious black boxes. This book is a story about one person who spent some time working in Wall Street in the mid 1980's to early 1990's.
For the curious, this book shows some of the inner workings of Wall Street.
For those with connections to the financial sector, this is an eye opener.
For the uninitiated, this is an accessible book which explains complex financial instruments in very easy to understand language.
At only three hours, there's no reason not to get this book.
If you are interested in sales and trading or investment banking in general, this is the book to read.
The mischievous yet exciting inside world of a successful financial institute through the detached viewpoint of a bond salesman is extremely captivating, educative and, above all, entertaining
This is so infuriating that Audible posts abridged versions of books. This sounding like it could be a great book.
I bought this book in paperback when it came out. I enjoyed it then. The audiobook was decidedly less satisfying. Michael Lewis (author/narrator)has a voice that sounds exactly what you would think an art history major from Princeton would sound like. Hardly the big swinging wha-cha-ma-call-it which he said was the career goal of everyone at Salomon Bros. -- even the women Vulgarity is a major part of the book. Don't buy this audiobook if you are not thoroughly used to locker room language. That means you can't listen to it in the car driving the kids home from kindergarten. Mother-in-laws will not appreciate the colorful language either.
All in all, the guys who buy bonds all want to be seen as tough by their friends and ladies. Take no prisoners. Hells Angels who talk with authority about duration, yield curves, and Treasury Strips. Yeah... Right... None of them would dare take a stroll through Battery Park at night or walk calmly east of Amsterdam Ave after 11 pm.
Tom Wolfe was right.
But still the book is fun for looking back on the wild 80's. Well worth the price.
To eliminate the random music playing throughout the book
Good story, but not well recorded
To eliminate the random music playing throughout the book
Old & fat, but strong; American, Chinese, & Indian (sort of); Ph.D. in C.S.; strategy, economics & stability theory; trees & machining.
This is a classic work about the culture of Wall Street in the '80. It's as childish and as deceptive as you suspect.
The best part of the book is the little narrations. They stand out like little skits. And tell the story in such an evocative way.
However, the abridgment is too severe. Some of the charm is lost.
Its the writer himself playing his stories, really down to earth approach.
An entertaining perspective of the dull finance world.
The way he got his job.
Play the game.
Excellent. Just too short.
I kept waiting for the story to develop but it never happened.
His performance as a narrator was OK.
I would ask for a refund.
Editors should have said: Michael this is a good first draft but you must have more than a Show and tell on what I did this summer. Maybe, just maybe, it is because of all the shocking stories we have heard about Wall St. that make this one seem just so-so. Stories about Wall St. characters making fat salaries, smoking fat cigars and getting fat generally get tiring after a while. Oh, and don't forget, they rip people off.
This is a must read for anyone interested in the previaling mindsets within the financial services sector. Whilst the focus may be on sales&trading, lewis reveals in great style the universal attributes of financiers, tackling topics from greed to goodwill, he speaks from his own experience and eloquently charts his own personal journey with refreshing honesty.
"Boring self-indulgent reflection"
Waste of money I'm afraid. A boring self-indulgent reflection that fails to live up to a fairly exciting sounding title.
"My journey into non-fic started here"
Back in 2002 i read this book, as a paper copy, i must say that was start of my non-fiction reading side.
Aftr abt 12 yrs i purchased this book as audible.
Liked the book. :)
Can b compared with - Den of theives,
"A bit short and rather boring"
A little short and rather boring this book seemed to rushed and lacked any flow to me. Some basic observations of traing life but little insight
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