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The Money Culture Paperback – October 1, 1992
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From Publishers Weekly
Essays on the money-mad '80s from the author of the bestselling Liar's Poker .
Copyright 1992 Reed Business Information, Inc.
From Library Journal
Lewis wrote a very funny and trenchant book about life as a junior bond trader on Wall Street in the mid-1980s and called it Liar's Poker ( LJ 9/1/89). In this new book, he revisits familiar ground. In essays and pieces that originally appeared in magazines and newspapers, he strolls down Wall Street and takes aim at such targets as Michael Milken, the RJR Nabisco takeover, Louis Rukeyser, the Savings & Loan crisis, the Japanese, etc., and dissects them. There is not much in the way of true revelation here, but, with Lewis's puckish humor and inimitable writing style, the stories are entertaining and thought-provoking. And he proves that "the raw itch for money is still with us as surely as ever . . . and the money on Wall Street is better than elsewhere." This should be a big hit with the readers of his previous book. For all popular nonfiction collections.
- Richard Drezen, Merrill Lynch Lib., New York
Copyright 1991 Reed Business Information, Inc. --This text refers to the Audio CD edition.
Top customer reviews
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The decade of the 1980's was the most outrageous and turbulent era in financial markets since the 1929 Crash. The 1980's had a direct effect not only on domestic markets but also international markets as well. Follow the actions of important mover and shakers such as Michael Miliken, Donald Trump, Boris Boesky, T-Bone Pickens, Leona Helmsley as just a few of the notables in the know and taking advantage of market data fed to them my financial insiders.
Of course the real estate debacle and derivatives of the 2000 decade makes 1980 look as a high school play very badly acted out. But that another book by Lewis entitled The Big Short (2010)
How about the RJR-Nabisco takeover or American Express? How could an earthquake in Tokyo devastate the American capital market? From his desk as an investment banker in London, England at the time this novel was written, Lewis was "in the chili" and very willing to share his specialized knowledge with the world.
But you be the judge. With all that has transpired in international money markets since 1991, either Lewis is "right on" or he is just playing to the gallery. For what limited money I have, I would put it all on Lewis and sleep well at night.
I have a high tolerance for bad writing if I am interested in the subject manner, but even I had trouble getting through some of the early pieces in here. Perhaps Lewis had to get all this poor sophomoric writing out of his system before he could write decent books. If the pieces collected in Money Culture are what it takes to get to Moneyball, then so be it.
Still, from a reader's standpoint, don't bother with this one, read Liar's Poker and Moneyball instead.
Would recommend it to people who have not read his other work and have a particular interest in Japan
Most recent customer reviews
Like most of his works, Lewis provides blazing insights into human behaviour...Read more