Other People’s Money: Jacob Goldstein and the Bonds of Wall Street
Against the Rules with Michael Lewis
High Stakes on Wall Street
This chapter explores a pivotal moment on the trading floor of Salomon Brothers, characterized by a high-stakes game of Liar's Poker orchestrated by chairman John Meriwether. As tensions rise, the chapter highlights the competitive culture and profound psychological dynamics of trading, contrasting the esteem of traders with the managerial roles within financial firms. Through the lens of this intense game, it underscores the intricate blend of risk, instinct, and emotional control that defines success in the bond trading arena.
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