Twenty-four year-old Princeton graduate
Michael Lewis had recently received his master's degree from the London School
of Economics when Salomon Brothers hired him as a bond salesman in 1985. He
moved to New York
for training and witnessed firsthand the cutthroat, scruple-free culture that
was Wall Street in the 1980s. Several months later, armed only with what he'd
learned in training, Lewis returned to London
and spent the next three years dispensing investment advice to Salomon's
well-heeled clientele. He earned hundreds of thousands of dollars and survived
a 1987 hostile takeover attempt at the firm. Nonetheless, he grew disillusioned
with his job and left Salomon to write an account of his experiences in the
industry. Published in 1989, Liar's Poker remains one of the best written and
most perceptive chronicles of investment banking and the appalling excesses of
an era.
Since then, Lewis has found great success as a financial journalist and
bestselling author. His nonfiction ranges over a variety of topics, including
U.S./Japanese business relations (Pacific Rift), the 1996 presidential campaign
(Trail Fever), Silicon Valley (The New New Thing), and the Internet boom (Next:
The Future Just Happened). He investigated the economics of professional sports
in Moneyball (2003) and The Blind Side (2006); and, in 2008, he edited Panic,
an anthology of essays about the major financial crises of 1990s and early
"oughts."