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mddaonSep 14, 2010

Everyone on Wall St (approximately) has read Liars Poker - and, while there's some artistic license being take, the observations are basically dead-on. And people are proud that they work in an industry that has such a compelling book. And they see the characters (or their company's versions) every day.

To pick other examples : 'Wall Street' is a must-see movie for everyone on the Street (though it's completely overblown). OTOH, Boiler Room (while being a decent movie) doesn't resonant much, since the vast majority of the money on Wall St is made by making tiny percentages on large amounts, rather than by ripping off small investors...

I guess that the majority of Wall St think that Liars Poker is a fairly balanced (and interesting) view of what goes on. Michael Lewis has an entertaining and insider-ish blog on Bloomberg (NI LEWIS, if you're in front of a terminal)

And here's an article he published yesterday (really targeted at the Wall St crowd) : http://www.businessweek.com/news/2010-09-13/hedge-fund-man-f...

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