Caught Between a soul in every stone unturned under the inexhorable Goldman's Sack

[David Morris]

http://en.wikipedia.org/wiki/Liar's_Poker

Lewis was an art history student at Princeton University who
nonetheless wanted to break into Wall Street to make money. He
describes his almost pathetic attempts to find a finance job, only to
be roundly rejected by every firm to which he applied. He then
enrolled in the London School of Economics to gain a Master's degree
in economics.

While in England, Lewis was invited to a banquet hosted by the Queen
Mother, where he was accidentally seated next to the wives of two
Salomon Brothers managers. While the managers and their wives proved
to be extremely uncouth and rude, especially in the presence of
royalty, Lewis managed to get a job interview through them and land
his first job.

For his job, Lewis moved to New York City for Salomon's training
program. Here, he was appalled at the sheer bravado of most of his
fellow trainees, and indoctrinated into the money culture of Salomon
and Wall Street in general.

After New York, Lewis was shipped to the London office of Salomon
Brothers as a bond salesman. Despite his lack of knowledge, he was
soon handling millions of dollars in investment accounts. In 1987, he
witnessed a near-hostile takeover of Salomon Brothers but survived
with his job. However, growing disillusioned with his work, he
eventually quit to write this book and become a financial journalist.


On Sat, May 1, 2010 at 9:34 AM, alice wellintown
<alicewellintown at gmail.com> wrote:
> Wall Street is a creative power; its guiding principle is not greed or ego, but free will. Free will is an arbitray power; it makes something from nothing. What pisses people off is that Wall Street can make money from nothing and can make money while taking no risk (arbitrage)at all.