If the bid is not made, then the bidder loses one.The title of the book itself comes from a game played on the trading floors of Wall Street, where players use statistical reasoning and behavioral psychology tactics to gamble. If the total number equals or exceeds the number bid, the bidder wins one unit from each of the other players. Liar Liar, liar We have seen no night We have seen no day If I ever leave Would you want me to stay You can believe in me I won't be leaving I won't let you go Ain't that what you said Ain't that what you said Ain't that what you said Liar Liar, liar Liar You've taken my life So take my soul That's what you said But who are we to know I.
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If there was less than that or the number was off, then the rules would play.After attaching himself to a young salesman named Rip (an alias) who was seemingly born to work in this world, Lewis learned his trade quickly and soon began to rise through the organisation, meeting some infamous characters along the way.The book also describes characters such as Michael Milken, who effectively created the junk bond market and made himself several hundred million dollars in the process. As soon as he arrived in the building on the first day of his three-month training programme, however, Lewis felt out of place and completely lacking in the bravado and self-assuredness that all around him seemed to have.Preston and Stig discuss Michael Lewis best selling book, Liars Poker. In the financial services world of the 1980s, highly educated professionals from all over the world were recruited to sell securities to institutional clients. Go back to the subject and find out why s/he is desperate to avoid this topic.Lewis admits in the book that he does not really understand why he got the job at Salomon Brothers. A skilled liar can change the subject immediately, but you do not have to fall into it.
On a human level, the book tells the funny, intriguing and often downright unbelievable story of a few people who changed the world they lived in – and subsequently brought it down.
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