This website uses cookies to ensure you have the best experience. Learn more

Review Poker Liar

1021 words - 5 pages

Brandon Sheppard
Z23077608
Dec. 2, 2010
Inga Chira FIN 3403 2010
Liar’s Poker by Michael Lewis
Being a bond trader sounds like a good idea, using someone else’s money to make money. Working on Wall Street would be cool but I don’t think I would like to live in New York plus its cold there. A Bond trader has to have a unique characteristic about them. First, they have to have Masters in Business Administration or mathematics. This would be the first qualification to the job. According the website “ehow”, being a bond trader today is different from the days when traders had a "feel for the market." Today's traders have advanced degrees, use sophisticated modeling techniques, have great ...view middle of the document...

No inter group conflict.
There are several things that I learned in this book that I didn’t know about if I had the money I would use them to my advantage. One thing I didn’t learn that we were dealing trillions of dollars back then I only thought that dealt with mostly billions of dollars not trillions until like 1990 and 2000s. I didn’t know that bonds move so fast in financial markets. Another thing to add to that is in the 1980’s was the sharp explosion in debt, was beyond any historical benchmark. It was way beyond I would have expected relative GNP, relative to monetary expansion was taking place. I learned about the French bond which is called GISCARD and they was trading money for gold I would never do such a thing. The term “Bete Noire” which talks about the European quitting work at 5:00 pm. The book mentioned the LIBOR and TED spread. This LIBOR is the acronym for the London interbank offer rate; it is the interest rate in London that one bank lends to another back at 5 am and 3 am new York time. The TED is the different between the Libor and the interest rate on the three month U.S. treasury bills.
The book Lair’s Poker was a interesting book to read. Before reading the book I was already interested in the financial industry. I always wonder how do they hire traders and would it would be like to become a trader or bondsman. I can recall getting interested into stocks in 2008 right before the recession hit. There were some things I couldn’t figure out. How does some average America make 250 thousand a year they only had a job making 50 and 100 thousand a year. Then it dawn on me the financial markets use your money to...

Other Papers Like Review Poker Liar

A Heart Of Darkness Essay

1748 words - 7 pages In this short story, there are frequent significant subject and ideas that make the story, "A Heart of Darkness," by Joseph Conrad, and haunting novel. The main theme is absolute white power over the natives. The theme validates the corruption, and the dependence caused by the white people as they took over the Congo. White men were giving all the power; they had no self-control, and in the end they did not use wisely. The white men became

The Aspects Of Vulnerability Among The Exploited In Medical Research

2287 words - 10 pages Essentially, everyone is in some state of vulnerability. However, some of us are more susceptible to harm due to our vulnerabilities. The susceptible are the individuals with the greatest risk. These individuals risk the loss of their autonomy, and maybe even their lives. Vulnerable populations can be found in every subset of society. However, as previously mentioned, there are some vulnerable populations that are at an even greater risk than

The Hitchhiker’S Guide To The Galaxy

1171 words - 5 pages The Hitchhiker’s Guide to the Galaxy As the human race makes life-changing discoveries, it is made apparent that there is always more to learn as the universe, instead of becoming familiar, is becoming absurd. The Hitchhiker’s Guide to the Galaxy, written by Douglas Adams, as well as the 2005 film adaption, portrays absurdity to be an all-encompassing system in the universe. Through the introduction and attempt to understand lack of reason, the

The Ford Motor Company Wage Increase Of 1914 And The Theory Of Incentives And Efficiency Wages

1252 words - 6 pages , Cengage Learning Mankiw, G. and Taylor, M. (2006), Microeconomics, Cengage Learning EMEA Raff, D. and Summers, L. (1987), ‘Did Henry Ford pay efficiency wages?’, Journal of Labour Economics, Vol. 5, No. 4, Pt. 2, pp. S57-S86 (October) Shapiro, C. and Stiglitz, J. (1984), ‘Equilibrium unemployment as a worker discipline device’, The American Economic Review, Vol. 74, No. 3 (Jun.), pp. 433-444

Historical Analysis Of The Economical Breakthroughs Of The Industrial Revolution

1396 words - 6 pages A Historical Analysis of the Economical Breakthroughs of the Industrial Revolution During the Industrial Revolution, many elements of society experienced huge breakthroughs that would change the way they functioned forever. Economics were definitely one of them. With many new inventions and many factories appearing, many, many, more resources were being created than ever before. Also, all of the revenue from these resources was being given to

Leadership Portrayed in Monologue from Shakespeare’s Henry V

1214 words - 5 pages Bennis, Warren G. 2004 "The Seven Ages of the Leader" Harvard Business Review. Vol. 82. Issue 1. January. 46-53. Badaracco, Joseph L. Jr. 2006"Leadership in Literature. A Conversation with Business Ethicist Joseph L. Badaracco Jr." Harvard Business Review. Vol. 84. Issue 3. January. 47-55. Carter,S and Greer,C. 2013. Strategic Leadership: Values, Styles, and Organizational Performance. Journal of Leadership &Organizational Studies. 20 (4), 375

Cuba Civil Rights

1906 words - 8 pages , Javier. "Cuba After Fidel." Current History 104.679 (2005): 69-76. ProQuest.Web. 14 Oct. 2013. Cuba." CultureGrams Online Edition.ProQuest, 2013.Web. 14 Oct 2013. "Cuba: The Boys in Havana." The Harvard Gay & Lesbian Review 6.1 (1999): 19. ProQuest. Web. 14 Oct. 2013. "Fact Sheet: Cuba." U.S.Department of State Dispatch 4.8 (1993): 102. ProQuest.Web. 14 Oct. 2013. Fayyaz, Zeina. "Communist Care: Cuba's State-Led Humanitarianism." Harvard

US Freight System

1273 words - 6 pages General Environment Each American requires the movement of approximately 40 tons of freight per year across the freight network. This includes everything from shirts to lawn mower to orange juice. • As the U.S. population expands, the U.S. freight system will be called upon to meet the demands of a larger population • Between 2010 and 2035, the system will experience a 22 percent increase in the total amount of tonnage it moves • By 2050, with

Democratic Peace Theory

1852 words - 8 pages because it states that Democracies don’t like to fight each other. Liar liar pants on fire: Nobody likes getting lied to, all the trust that was built up, gone in a second when the truth comes out and those on the outside feel the same as those on the inside, betrayed. Susan Braden looked at the track record of previous Presidents and the campaign promises they made. What she found out is that if the President could not come through with the

Booker T. Washington

1621 words - 7 pages “Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome” –Booker T. Washing. Booker Taliaferro Washington was born in Hale’s Ford, Virginia on April 5th, 1856 to Jane Burroughs and an unknown White man. Washington was married three times. His first wife was Fannie N. Smith from Malden, West Virginia. Booker and Fannie were married in the summer of 1882 and had one child

Corn, Broccoli, Grass Or Balanced

2611 words - 11 pages About a century ago, there was not an epidemic of diet-related illness, a bizarre account of destroyed farmland, dead zones in our oceans created by chemical run-off spilling into the waterways, and there sure was not millions of people questioning the moral ethics of their diet. In the Omnivore’s Dilemma: A Natural History of Four Meals, the author Michael Pollan goes on a journey to investigate the sources of the nation’s food supply, for which

Related Essays

Freedom And Responsibility Essay

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were

Hate Crime Laws Essay

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Holidays In Albania Essay

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are