Liar's Poker (Norton Paperback)

They were the same as front-row people all over the world, only more so.

Almost everyone on Wall Street took his money seriously, regardless of its origins,

No trader or investor wanted to poke around suburbs to find out whether the homeowners to whom he had just lent money was creditworthy.

Salomon bond traders knew about fools because that was their job. Knowing about markets is knowing about other people’s weaknesses.

People who believe themselves of social consequence tend to leave more of a paper trail,

Fear and, to a lesser extent, greed are what make money move.

At that time I hadn’t had the education required to feel poor on forty-eight thousand dollars

The astute investor Warren Buffett is fond of saying that any player unaware of the fool in the market probably is the fool in the market.

Economics, which was becoming an ever more abstruse science, producing mathematical treatises with no obvious use,