《说谎者的扑克牌（中信商业经典）》读后感_100字

《说谎者的扑克牌（中信商业经典）》读后感100字

Finished the Michael Lewis book in a week. It’s actually not the best Michael Lewis book I’ve read to be honest. I like the big short and flash boy much better but it is a very personal and real experience that depicting micahel’s expeirce after graduation and career at Solomon brothers.
It’s more like a personal record of the big history and changes in financial landscape in the 1980s. It’s interesting to see how enterprises like Solomon brothers, the departments within them ( mortgage bond department), and the individuals within rise and fall with the time. It did sound like a time of chaos and lot of opportunistic opportunities for fast money.
I guess there are a couple do things that left me a deep impression:
1. The jungle rules us all. Solomon brothers working environment is much more like a jungle where you have to survive and thrive on your own. While you can certainly find jungle guide and mentors, but you need to realize what opportunities to seize to not get fired or close to be a “big swinging dick”
2. Money may come fast with the things you don’t understand but they go fast as well. Michael painted a very interesting image of Lewis Ranieri, a fat Italian guy from the back office who is obsessed with mortgage bond and incedible market instinct. The cult that is form d surrounding when all things are going up is kinda amazing. But it’s also amazing how fast they got dismentaled. One day lewis is fired from office politics and the other day the whole apartment got sacked.
3. Wall Street is not as glorious as one may think. It is filled with sheep who follow the herd and mimic what’s the “successful model”. It’s creative when it comes to creating products for new revenue and profit squeezing but not creative when it comes to follow the old practice. It’s amazing how this industry has changed and not throughout the time.
4. It was a boys’ club, it has been a boys’ club and it will likely still remain a boys’ club. I was honestly irritated by the attitude people treat women and the cultural environment they created that’s just so hard for women to fit in. We need change.
5. What goes up must come down. The switch between bond vs equity really remind me when Jaimi was like “ I picked equity when everyone was crazy about bonds, but now look who’s laughing”. So it’s really not only about the short term opportunistic profit today but a confident and strong long- term view.

Overall a good book as usuall. Thanks Michael Lewis.