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Liar's Poker

The Security Analysis Podcast

CHAPTER

The Reckless Realm of Salomon Brothers

This chapter examines the tumultuous culture and leadership failures at Salomon Brothers that led to its collapse. It contrasts the incentives that pushed traders towards short-term gains with the more sustainable practices of the past. The narrative also explores Michael Milken's impact on finance, showcasing both his innovative approaches and the ethical dilemmas that accompanied the pursuit of wealth.

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