Tuesday, June 22, 2010

Liar's Poker

Michael Lewis wrote Liar's Poker in 1990 about the ignorance and excesses of the financial industry in the 1980s. In his new book, about the latest financial meltdown, he reflects:


The irony is that I know people who are going to work for investment banks yet consider Liar's Poker one of their favorite books.

Does that mean people on Wall Street are dumber than we think (scary prospect)? Or that they know what they're doing (scarier prospect)?

No comments:

Post a Comment