Author: Michael Lewis
I had heard about this book a while back but after last years Wall Street Crash it was right time to read it. It took me a while to read it. It is not a very easy read. But I am glad I read it though.
Michael Lewis has shard story of Soloman Brothers and their collapse. Lewis illustrates how economic decisions made at the national level changed securities markets and made bonds the most lucrative game on the Street. His description of the firm’s personalities and of the events from 1984 through the crash of October 1987 are vivid and memorable.
It is a very good book to learn how Wall Street actually runs, what goes in mind of people at Wall Street. How investment backs make money etc…
It is fascinating to see how history repeats itself. You will read this book and think as if it was written after last years crash. This book is from 80’s.
It is a great read for anyone who wants to learn how mortgage securities market took off and how credit swaps came in play. Great book.