LIARS POKER ESSAY

LIARS POKER ESSAY

The class Boy Scouts were mercilessly hounded for saying in print things like “They H alomon DS on’t need to give us a pep talk, we’re pumped up,” which, you had to admit, was a little much. Four Different Ordering Options: Or he can “challenge”e hat is like saying, “I doubt it. Equities, comparatively speaking, made no money. His shirt was untucked and badly wrinkled; his white belly pushed through like a whale’s hump where the buttons had come undone. During the last couple of months of each year most London salesmen and traders visited New York to be seen and to argue, very subtly, that they deserved a great sum of money at the end of the year. I made a lot of money.

Not that I was ever a big enough wheel in the machine to precipitate its destruction on my own. Sutfreund seemed able to smell money being lost. Knowing about markets is knowing about other people’s weaknesses. The circumstances were that I had no other job. The curious feature of the breakdown in discipline was that it was random, uncorrelated with anything outside itself and, therefore, uncontrollable. Not that there was a generally accepted view of how they might be different.

liars poker essay

Here are my favorite lines. The back row, from about the third day of classes on, loars on the brink of chaos. The back row set the tone of the class because it acted throughout as one, indivisible, incredibly noisy unit.

Had it not been for the circumstances, I might well have written to Leo we were on a first-name basis to say I didn’t want to belong to any ljars that would have me so quickly for a member. She later told me that such behavior is unprofessional. One of the reasons I pounced on the Salomon Brothers opportunity like a loose ball was that I had already seen the dark side of a Wall Street job hunt and had no desire to see poier again. A few trainees had back-row hearts, but also wives and children to support.

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Most of the men were on two phones at once.

Liar’s Poker Organizational Behavior Term Paper | Pages: 7, Sources: 2, Words:

Overnight the bond market was transformed from a backwater into a casino. Over time this qiuestion had fantastic consequences.

liars poker essay

Front-row people exited front, back-row people exited back in a footrace to the four telephones with the free WATS lines. Lehman interviewed in pairs. His shirt was untucked and badly wrinkled; his white belly pushed through like a whale’s hump where the buttons had come undone.

liars poker essay

Within the training class a dispute arose over whether, under the circumstances, groveling was acceptable. That was part of being a geek. I think I gave up the idea of feeling immediately at home at Salomon Brothers when I saw the belts. You were hostage to your producers.

Many more people were hired to handle the new business, on starting salaries of forty-eight grand. One day you’d see three of them leaning over the fat blue binder that held our photographs and resumes. The speaker paused, as if lost in thought, which was unlikely.

With it, inAmerican lawmakers had stripped investment banking off from commercial banking. The whole absurd situation needs putting into context. That was part of being a geek. Then he’d pick up a newspaper or, worse, your resume and begin to read. There was something fishy about the way supply met demand in an investment bank.

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Liar’s Poker Essay

Many analysts later admit that their two years fssay college and business school were the worst of their lives. You were hostage to your producers. A new employee, once he reached the trading floor, was handed a pair of telephones. And right beside them were graduates from Yale, Stanford, and Penn. The other trainees appeared to have been in the office for hours.

Liar’s Poker Organizational Behavior Term Paper | Pages: 7, Sources: 2, Words:

Except it didn’t come out that way. In Liar’s Poker a group of people ffi s few as two, as many as ten tfl orm a circle. You can’t get them any cheaper.

They couldn’t discuss a person, place, or thing without also trading it. As he spoke, the people in the front row grew nervous, and the people in the back row began to giggle, and the people in the front row grew more nervous still, fearing that the people in the back row would cause the Piranha to feed on us all.

Maybe the whole point of his challenge was to judge Meriwether’s response. Retrieved May 22,from https: