“For though there was no chance of persuading a pension fund manager looking to make a longer-term loan to buy a Freddie Mac bond that could evaporate tomorrow, one could easily sell him the third tranche of a CMO.”
Book:Liar's Poker
Quote by Michael Lewis
Work
Liar's Poker
Liar's Poker is a personal account of the author's time at Salomon Brothers, a leading investment bank, where he navigated the intense and often unethical world of financial trading. The book offers an insider's perspective on the culture of greed and the rapid growth of the financial industry during the 1980s. more
Author
Michael Lewis
Michael Lewis, born on October 15, 1960, is a renowned American author. His works are known for their in-depth investigations and revelations of the truths in the financial, business, and sports worlds. more
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