find Hier klicken Sonderangebote PR CR0917 Cloud Drive Photos UHD TVs Learn More TDZ Hier klicken HI_PROJECT Mehr dazu Hier Klicken Storyteller AmazonMusicUnlimitedFamily AmazonMusicUnlimited Fußball longss17



Derzeit tritt ein Problem beim Filtern der Rezensionen auf. Bitte versuchen Sie es später noch einmal.

am 9. Juli 2017
I am only giving this book 4 stars because it wasn't as suspenseful as the author's other book, "The Big Short". However this is largely because of the subject (the financial crisis s of 2007-2008 is a more exciting subject!) and not because of the author's ability. Indeed he keeps the reader's interest alive on a subject that many might find obscure or tedious. Very well written!
0Kommentar|War diese Rezension für Sie hilfreich?JaNeinMissbrauch melden
am 26. April 2014
He makes all of his books, which are based on true stories, sound like made up. Unbelievable! But super exciting and riveting. If you like to read about finance, banking and that sort of business, you will LOVE Michael Lewis' books!
0Kommentar|War diese Rezension für Sie hilfreich?JaNeinMissbrauch melden
am 9. Dezember 2015
Sehr unterhaltsames Buch. Technisch ist es nicht ansrpuchsvoll, sodass jeder es lesen kann, auch ohne besonderen Kenntnisse. Alle sollen wahre Geschehnisse sein. Hervorragend
0Kommentar|War diese Rezension für Sie hilfreich?JaNeinMissbrauch melden
am 19. August 2013
If you like to know the Wall Street event 1986- read that book: funny, entertaining and real :)
If you buy a second hand book- it will look like a brand new one- folks reads it over one night!
0Kommentar|War diese Rezension für Sie hilfreich?JaNeinMissbrauch melden
am 17. April 2012
Liefert gute Einsichten in die Welt des Bondhandels in den 80-er Jahren. Einiges davon ist heute noch existent, manches schon überholt. Sprache teilweise fachspezifisch, aber gut verständlich.
0Kommentar| Eine Person fand diese Informationen hilfreich. War diese Rezension für Sie hilfreich?JaNeinMissbrauch melden
am 6. März 2016
I am writing this recommendation after having read maybe 40% of the book and having decided to not read any further. I bought the book because of its good recommendations and I just came back to read them again in order to see if I maybe accidently picked the wrong book... I cannot recommend this book, as it is not really about wall street and bond trading, but more about a not sophisticated way of describing peoples behaviour over and over again in a wall street firm.
0Kommentar|War diese Rezension für Sie hilfreich?JaNeinMissbrauch melden
am 9. Februar 2000
Michael Lewis makes a substantial contribution to our efforts to understand what is happening now in today's business world...and what is likely to occur next. His is "a Silicon Valley story." As such, it has the obligatory plot and characters as well as a number of themes which he carefully develops. The net result is both informative and entertaining.
Exactly what is "the new new thing"? This moment's answer may be wrong by the time you finish reading this sentence. Really? Yes. Especially in the Silicon Valley, the next "new new thing" is the 21st century's equivalent of the Holy Grail. The problem is, as Lewis carefully explains, it is often an illusion..and even when manifest, it can so quickly become obsolete. "Silicon Valley to the United States what the United States is to the rest of the world." What is that? Briefly, "the capital of innovation, of material prosperity, of a certain kind of energy, of certain kinds of freedom, and of transience." As I soon discovered when reading the first few chapters, Lewis has written a literary hybrid: it combines the dominant features of the picaresque novel (featuring a central character who seeks and experiences a series of adventures) with the sequential essay (separate but interdependent discussions of a common subject). Lewis introduces his concept of "the searcher" who seeks the "new new thing" and "conforms to no well-established idea of what people should do for a living. He gropes. Finding the new new thing is as much a matter of timing as of technical or financial aptitude, though both of those qualities help." Lewis employs the searcher inorder to examine -- and understand -- a process which creates "fantastic wealth" in the Silicon Valley. The searcher is a "disruptive force" as he gropes his way along, constantly on the move...his mind moving much more quickly than his feet, preferring to live perpetually "with that sweet tingling discomfort of not quite knowing what what it is he wants to say. It is one of the little ironies of economic progress that, while it often results in greater levels of comfort, it depends on people who prefer not to get too comfortable." The searcher, for example.
Are we to believe that people who grope their way through life, wandering through the Silicon Valley, are playing a major role (a wholly new role) in wealth creation? Exactly. (This is a mentality and a behavior which Guy Claxton discusses so well in Hair Brain Tortoise Mind.) The main character of this story "had a structure to his life. He might not care to acknowledge it, but it was there all the same. It was the structure of an old-fashioned adventure story. His mere presence on a scene inspired the question that propels every adventure story forward: What will happen next? I had no idea. And neither, really, did he."
Throughout this book, as Lewis casually but precisely tells his "story", we are introduced to some of one of the most successful residents of the Silicon Valley, Jim Clark, who proves to be the "story's" central character. For Lewis, Clark embodies "a vast paradigm shift in American culture" from conventional models and visions of success toward an entirely new way of thinking about the world and control of it. Central to Lewis' discussion of Clark is Clark's sailboat Hyperion, the world's tallest single-mast vessel. There seems to be a progressive pattern of symbiotic relationships: United States < > Silicon Valley < > the searcher < > Jim Clark < > Netscape < > Healtheon < > Hyperion < > ? Revealingly, in Lewis' Epilogue, we are told that Clark has already begun work on the design of a new sailboat. "Hyperion was nice, but this...this was the perfect boat." At least for now.
What Lewis reveals is a restless mentality in constant search of the next "new new thing." His focal point may be Clark but, in my opinion, he is really examining the global economy in the 21st century which will continue to be driven by that mentality. There will always be a newer, better browser...a newer, better sailboat...a newer, better whatever. Men and women unknown to us now are "groping" to find them. And eventually they will...but will not then be satisfied. "Searchers" never are.
0Kommentar|War diese Rezension für Sie hilfreich?JaNeinMissbrauch melden
am 25. August 2008
More than ever there is meaning to this story. The author gives us an insider's view of the very first days of mortgage securitization. It is difficult not to be taken aback about how this market was originally designed to match the interests of the few who initiated it. At the time, the technical advance in the Fixed Income area of the S bros such that they could trick the Federal decision taker in whatever advantaged them. Only an insider could give such a microscopic description of greed and excess but also how financial innovation occurs to a young salesperson. And only an insider could point out the precise point when the decline started, up to the consequences we know now.
What is funny though is that figures will look quite modest to anyone familiar with finance today. I learned a lot reading this book which was given to me when I was a trainee in fixed income; however it really puts aside the genuine value added that financial industry has once striped of excesses, moral hazard.
0Kommentar| Eine Person fand diese Informationen hilfreich. War diese Rezension für Sie hilfreich?JaNeinMissbrauch melden
am 27. Januar 2000
Unlike (nearly all, or all) academic economics books, which 'explain' that arbitrage does not and cannot exist, Lewis explains to us how the big bond houses live from arbitrage (buying low from the government or somewhere else and selling a bit higher to you and me). The book is a rare, a highly entertaining and very informative jewel: Lewis rightfully and poetically calls brokerage houses 'full servive casinos', far better than Monte Carlo or Las Vegas. Not only will they accept and place your bets, they'll also lend you (a large fraction of) the money needed to place your bets (margin)! A very good book to read now (1/27/00) during the 'wild ride' before the present big market bubble goes: POP!
Unfortunately, Lewis tells us too litlte about Meriwether, who later seduced two of the top finance academics (they were willing) and, with their aid, constructed the huge, uncontrolled experiment in 'equilibrium theory' called 'Long Term Capital Management' (LTCM). Their philosophy, also believed uncritically by most working economists, was and likely still is: Equilibrium will prevail (even in the absence of restoring forces!). For the continuation of the story where Liar's poker leaves off ('portfolio insurance', arbitrage and more arbitrage, and the formation and collapse of the bubble called LTCM), see the new book "Inventing Money".
0Kommentar|War diese Rezension für Sie hilfreich?JaNeinMissbrauch melden
am 22. November 1999
This book is interesting, and kept me turning pages, but somehow it just doesn't capture the world he covers as well as, say, his books on Wall Street or politics. I think I know why. Lewis is, himself, a Wall Street/political kind of guy. He's not a geek. So it's much harder for him to understand Geek World. Works like Neal Stephenson's Cryptonomicon do a better job of that -- but in a way only geeks, or at least quasi geeks, can understand. I'd bet that the people giving this book strong reviews are non-geeks, and the people giving it lukewarm reviews (like this one) are geeks (like me). Lewis probably does a good job translating the world to non-geeks, but something is inevitably lost in the translation. That's what the inhabitants of Geek World are noticing -- just as a native speaker of French might disapprove of an English translation of Rabelais. The only other complaint is that in his coverage of the Microsoft trial, the lawyers -- especially for the government -- are made to look stupid and ineffectual. Lewis couldn't know, of course, how it would turn out, but the joke's on him. No matter how many billions you have, you trifle with lawyers at your peril. At the end of the day, often *they* have the billions. Just ask the tobacco companies!
0Kommentar|War diese Rezension für Sie hilfreich?JaNeinMissbrauch melden