COMPLETE READING EDITION

Liar’s Poker

Michael Lewis · eleven chapters with original stock-market connections.

1. When confidence becomes a wager
2. Follow the incentive, not the prestige
3. What a trading floor teaches without saying
4. Know what moves the price
5. Building a market before it looks respectable
6. Slicing cash flows does not erase risk
7. When an edge becomes a crowded trade
8. Who is on the other side of the trade?
9. Who gets credit for the profit?
10. When financing changes the company
11. A commitment survives the market mood

Complete case studies

• LTCM: expertise meets the funding clock
• Analyst research: the incentive behind the recommendation
• Knight Capital: when orders outrun controls
• Silicon Valley Bank: the asset and the funding
• The savings-and-loan crisis: a mismatch compounds
• ABACUS: selection is part of the information