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daisyq

daisyq

Currently reading

The Yearling
Marjorie Kinnan Rawlings
Liar's Poker - Michael Lewis Interesting Wall St memoir - Lewis worked for an investment bank in the late '70s through to beyond the '87 crash. The anecdotes from actual time in the business keep this a surprisingly fun read. Lewis is quite funny and cutting about his fellow traders, but never completely absolves himself either, e.g:It was striking how little control we had of events, particularly in view of how assiduously we cultivated the appearance of being in charge by smoking big cigars and saying fuck all the time.He also explains finance concepts well, without making my eyes glaze (e.g. I now have a vague and hazy understanding of mortgage backed securities, CMOs, and junk bonds, although I am unconvinced it will stick). A lot of what he's writing about has implications for the more recent global financial troubles, even though it's more than 20 years old. I will eventually try and get to [b:The Big Short: Inside the Doomsday Machine|6463967|The Big Short Inside the Doomsday Machine|Michael Lewis|http://d.gr-assets.com/books/1290480108s/6463967.jpg|6654434].