41st Floor Liar S Poker

John meriwether member on board of salomon inc one of the company s finest bond traders.

41st floor liar s poker.

Rarely anything useful came out of. Trainees sometimes abuse each other but traders on the 41st floor abuse the trainees at will. Gutfreund was the ceo of salomon brothers when lewis began his career there. No tears to which meriwether replied after seconds of thought no i d rather play for real money.

The class involves lectures from various mds and speeches given by upper management. Liar s poker is a non fiction semi autobiographical book by michael lewis describing the author s experiences as a bond salesman on wall street during the late 1980s. Liar s poker michael witnessed a classic bluff and re bluff between john gutfreund chairman of salomon brothers and john meriwether board member bond trader. Wolfe according to michael lewis author of liar s poker spent days watching the action on the 41st floor bond trading room at salomon brothers.

Rising through the wreckage on wall street. Trainees sometimes abuse each other but traders on the 41st floor abuse the trainees at will. King of the game liar s poker champion of the. Gutfreund challenged meriwether to one million dollars.

Most were there to gloat about themselves and looking for ego boosts. The time was the 1980s. Nearby were several real life masters. Michael lewis was fresh out of princeton and the london school of economics when he landed a job at salomon brothers one of wall street s premier investment firms.

Liar s poker michael lewis if you are a self possessed man with a healthy sense of detachment from your bank account and someone writes you a cheque for tens of millions of dollars you probably behave as if you have won a sweepstake kicking you feet in the air and laughing yourself to sleep at night at the miracle of your good. The class involves lectures from various mds and speeches given by upper management. Liar s poker book notes john gutfreund chairman seated at the head of the trading floor holds power and influence over other traders traders are afraid of him leaves his mark by the cigarette ashes. First published in 1989 it is considered one of the books that defined wall street during the 1980s along with bryan burrough and john helyar s barbarians at the gate.

Ap images john gutfreund the wall street legend made famous in michael lewis liar s poker has died. Liar s poker is a game of strategy and psychology in which players hold random dollar bills with close attention to the serial numbers on their respective bills. The place was wall street.