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The time was the 1980s. The place was Wall Street. The game was called Liar’s Poker.

Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at the now legendary Wall Street firm: Salomon Brothers, one of Wall Street’s premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush.

Liar’s Poker is the culmination of those heady, frenzied years—a behind-the-scenes look at a unique and turbulent time in American business. From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game of bluffing and deception, here is Michael Lewis’s knowing and hilarious insider’s account of an unprecedented era of greed, gluttony, and outrageous fortune.

The book captures well an important period in the history of Wall Street.

Important figures in that history feature prominently in the text:

- John Meriwether: Was the head of Domestic fixed-income arbitrage group at Salomon in the 80's and promoted to Vice-Charman of the Bank in 1988. But he is probably most famous for being the founder of Long-Term Capital Management.

- Lewis Ranieri: Is considered the "father" of mortgage-backed securities, for his pioneering role in their emergence in the 1970s, during his time as Bond trader at Salomon Brothers.

- John Gutfreund: Was the CEO of Salomon Brothers between 1978 - 1991 and turned Salomon Brothers from a private partnership into a publicly traded corporation. He became an icon for the excess that defined the 1980s culture in America abd was givven the nickname "King of Wall Street".

(How Liar´s Poker is played) In Liar's Poker, if one player bids three 4s, he predicts that within all of the dollar serial numbers held by all players, there are at least three 4s. If the player's bluff is not called, the next player must either bid a higher frequency of any other digit (five 2s) or can bid a higher number at the same frequency level (three 6s).
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