Books
Liar’s Poker: Rising Through the Wreckage on Wall Street
by Michael Lewis
The time was the 1980s. The place was Wall Street. The game was called Liar’s Poker. This wickedly funny book endures as the best record we have of those heady, frenzied years. In it Lewis describes his own rake’s progress through a powerful investment bank. From an unlikely beginning (art history at Princeton?) he rose in two short years from Salomon Brothers trainee to Geek (the lowest form of life on the trading floor) to Big Swinging Dick, the most dangerous beast in the jungle, a bond salesman who could turn over millions of dollars’ worth of doubtful bonds with just one call.
Links
Borrowing Against Your 401K: A Loan from your Future Self (Listen Money Matters)
Why This Buffett Disciple Put More Than Half His Portfolio In Stocks He ‘Always Hated’ (Benzinga)
Are Stocks Overvalued? A Discussion (The Big Picture)
Disturbing New Facts About American Capitalism (The Intelligent Investor)
High school makes $24 million from Snap IPO (LA Times)
Great Companies Obsess Over Productivity, Not Efficiency (HBR)
What You Should Know About Dodd-Frank and What Happens If It’s Rolled Back (HBR)
IWhat does Warren Buffett think about Twitter? (Quora)
DON’T MAKE A BAR BET WITH WARREN BUFFETT (Alpha Architect)
Is Short Selling Stocks Worth It? (Visual Capitalist)
Warren Buffett: This Is Who I Would Have Picked to Manage My Money (WSJ)
Inside Harvard’s Radical Plan to Reverse a Decade of Poor Returns (WSJ)
The Premature Celebration Club:
What are you reading this weekend? Drop a link in the comments section below or shoot me an email.
