Highly recommended for those who want to learn what the heck trading and investment banking at Wall Street is all about. Of course, this book reads more like a well written comedy/parody about Wall Street but Michael Lewis clearly explains how Investment Banks function across the world by talking about his stint at Salomon Brothers.
It was also very interesting to know the history of how Salomon Brothers created the mortgage based financial instruments in the 80s. I was very amused reading this book and comparing it with the fact that this mortgage backed security has been so abused over the years leading to the financial crisis of today in the US economy. Who said there are only smart people in investment banking!?
It was also very interesting to know the history of how Salomon Brothers created the mortgage based financial instruments in the 80s. I was very amused reading this book and comparing it with the fact that this mortgage backed security has been so abused over the years leading to the financial crisis of today in the US economy. Who said there are only smart people in investment banking!?
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