Michael Lewis

http://www.bloomberg.com/apps/news?pid=20601039&sid=aBabxZ9WD2cE&refer=h...

Pretty interesting article from the author of Liar's Poker about the disillusionment of young bankers in Wall Street that makes you think about your career goals.

With so many people leaving the industry - it's time to think about what you really want to do!

as well as a great short story of a fund manager's big play on the collapse of the market.

Definitely worth the read and a good reminder for all the high paid, overworked... monkeys

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11...

Change is needed.

Change is coming.

Michael Lewis, author of "Liar's Poker", the big 'End of Wall Street' recent hit piece in Portfolio Magazine, and now his new book "Panic: The Story Of Modern Financial Insanity" appeared on The Colbert Report last night. In the intro to the show, Colbert even took a dig at Jim Cramer, saying the title of Lewis' new book sounds more like Cramer's autobiography. (ba dum ching!)

Although in typical Colbert fashion, he didn't let Lewis get a word in edgewise during the interview, but it's a pretty humorous exchange nonetheless. You can watch the whole episode online here:

http://www.comedycentral.com/colbertreport/full-episodes/index.jhtml?epi...

Skip to the 14:55 mark to see the Lewis interview segment.

For good reason everyone on the Street is talking about Michael Lewis' big Wall Street exposé, 'The End', in the upcoming issue of Portfolio Magazine. The guy really bitchslaps the model of greed and excess that put us in the economic hell hole we're in now. The Econompic Data blog, which makes awesome charts and other financial eye candy, put together a graphic representation of their favorite part of the Lewis piece: The Investment Banking Bonus Matrix. Behold as all the huge glorious wall street bonuses are explained in perfect clarity.

I read this article by Michael Lewis in Portfolio and it's a very well written piece about the ignorance of Wall Street for some time combined with his viewpoint having worked at Salomon Brothers in 1986 where the start of this madness originated.

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11...

Also talks about how the existence of the credit default swap (CDS) market made this crisis significantly worse because not only were the actual underlying homeowner loans crashing, but these synethically created loans as well.