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Reply #34: Liar's poker is a great book and required reading for traders. nt [View All]

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Lucky Luciano Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-26-08 12:29 PM
Response to Reply #32
34. Liar's poker is a great book and required reading for traders. nt
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  -I Just Realized That I'm Smarter Than I Think I Am... Probably You Are, Too TygrBright  Nov-26-08 02:19 AM   #0 
  - Reading your thread just made me wish I could rec it several dozen times  truedelphi   Nov-26-08 02:36 AM   #1 
  - Yeah, that was fun, and true.  napoleon_in_rags   Nov-26-08 02:43 AM   #3 
  - I'm Willing to Bet They Can't Even Cook or Clean for Themselves  Demeter   Nov-26-08 03:58 AM   #6 
     - haha, you are so right!  Lucky Luciano   Nov-26-08 11:05 AM   #22 
     - One: I'm not a he. Two: Google "Steve Eisman"  TygrBright   Nov-26-08 11:27 AM   #25 
     - Was Eisman an early warner, or part of the problem? My problem is that  truedelphi   Nov-26-08 12:13 PM   #29 
     - Steve Eisman FrontPoint.  TygrBright   Nov-26-08 12:17 PM   #31 
        - One thing that is very sad about all this is when you have  truedelphi   Nov-26-08 01:32 PM   #45 
     - Of course someone shorted the top of the market  Lucky Luciano   Nov-26-08 12:28 PM   #33 
        - How is playing the market different from gambling in a casino?  BrklynLiberal   Nov-26-08 02:25 PM   #46 
        - Here's the difference in one short sentence:  truedelphi   Nov-27-08 01:20 PM   #64 
        - You are playing for postive expected values  Lucky Luciano   Nov-27-08 09:41 PM   #68 
        - Based on this and your previous post...  progressive_realist   Nov-26-08 06:05 PM   #53 
        - Do you mean John Paulson or Hank Paulson?? n/t  truedelphi   Nov-27-08 01:15 PM   #63 
           - Hank is not shorting the top of the market. John Paulson owns Paulson & Co.  Lucky Luciano   Nov-27-08 03:35 PM   #65 
     - Eisman figures in this article by Michael Lewis, who apparently wrote a book called "Liar's Poker":  KCabotDullesMarxIII   Nov-26-08 12:20 PM   #32 
        - Liar's poker is a great book and required reading for traders. nt  Lucky Luciano   Nov-26-08 12:29 PM   #34 
           - I expect it helps you to keep your sanity, confirming that your intelligence and  KCabotDullesMarxIII   Nov-26-08 01:12 PM   #42 
     - Or wipe thenselves. Just sayin  rhett o rick   Nov-26-08 11:03 PM   #56 
  - Not me.  GoesTo11   Nov-26-08 02:41 AM   #2 
  - mmmm.... I love the smell of anti-intellectualism in the morning.  BlooInBloo   Nov-26-08 03:01 AM   #4 
  - have i told you lately that you're a fucking genius?  unblock   Nov-26-08 05:18 AM   #9 
  - Great post K&R  RandomThoughts   Nov-26-08 03:33 AM   #5 
  - It's the Ethics, as Well as the Intelligence  Demeter   Nov-26-08 04:01 AM   #7 
  - well golly gee. try explaining "money" in simple terms. terms you can understand.  unblock   Nov-26-08 05:16 AM   #8 
  - Just....? under(-regulated)....? some.....? Move over Karl Rove. Your time is up.  KCabotDullesMarxIII   Nov-26-08 05:56 AM   #10 
  - lol and look who's using rovian debate tactics!  unblock   Nov-26-08 06:20 AM   #11 
     - Since when did Rove speak the truth? Tell me more. I'm fascinated. Be back a bit later.  KCabotDullesMarxIII   Nov-26-08 06:37 AM   #12 
     - Rove should be so lucky. He twists truth. I don't even have to rebut  KCabotDullesMarxIII   Nov-26-08 10:53 AM   #20 
        - i see you've gone back and edited your post #10  unblock   Nov-26-08 11:18 AM   #24 
           - I'll do my best. Thanks for the encouragement. All the more noble for being  KCabotDullesMarxIII   Nov-26-08 12:08 PM   #27 
  - So, there's no Ponzi scheme? Well that's a novel insight. Iconoclastic even.  KCabotDullesMarxIII   Nov-26-08 12:13 PM   #30 
     - ah, if only sarcasm were a hard currency.  unblock   Nov-26-08 12:51 PM   #37 
        - "ah, if only sarcasm were a hard currency." You leave an ugly suspicion that  KCabotDullesMarxIII   Nov-26-08 01:09 PM   #40 
  - The truth of the global economy  bongbong   Nov-26-08 08:49 AM   #13 
  - yup and yup. (nt)  w4rma   Nov-26-08 09:23 AM   #14 
  - The idea was  onlyadream   Nov-26-08 09:38 AM   #16 
  - There's no free lunch.  jfkraus   Nov-26-08 09:25 AM   #15 
  - Bottom line--For over 30 years....  michigander3   Nov-26-08 10:12 AM   #17 
  - I have a relative that works for Citibank  wilsonbooks   Nov-26-08 10:35 AM   #18 
  - Only the top dogs know the overall risks at the bank...so  Lucky Luciano   Nov-26-08 11:11 AM   #23 
     - Michael Lewis roundly rebuts your assertion, claiming instead that they.  KCabotDullesMarxIII   Nov-26-08 12:31 PM   #35 
        - I was referring to Citibank, but Lewis was referring to some tiny dipshit financial inst.  Lucky Luciano   Nov-26-08 12:49 PM   #36 
           - Thank you. That was very interesting. I'm just re-reading Michael  KCabotDullesMarxIII   Nov-26-08 12:52 PM   #38 
  - you. are. brilliant.  Left Brain   Nov-26-08 10:41 AM   #19 
  - aw, thanks... feel free! n/t  TygrBright   Nov-26-08 11:01 AM   #21 
  - A letter by a Paul Sousek, in today's UK Daily Mail, with the heading, "Don't send good money  KCabotDullesMarxIII   Nov-26-08 12:07 PM   #26 
  - Somewhere, someone is buying a lottery ticket right now.  Gregorian   Nov-26-08 12:11 PM   #28 
  - Close but no cigar...  ElboRuum   Nov-26-08 01:05 PM   #39 
  - PhDs are likely to have very high IQs  Lucky Luciano   Nov-26-08 01:09 PM   #41 
  - Unfortunately, Lucky, even then most cerebral guys can have such half-witted  KCabotDullesMarxIII   Nov-26-08 01:27 PM   #44 
     - You are right  BrklynLiberal   Nov-26-08 02:46 PM   #47 
     - Thanks for those gems, Brklyn Liberal. Loved the opening sentences  KCabotDullesMarxIII   Nov-26-08 04:08 PM   #48 
     - I cannot hlep but think that their inability to "look into" what was going on, was based on the  BrklynLiberal   Nov-26-08 05:20 PM   #49 
        - You and the rest of us, I dare say.  KCabotDullesMarxIII   Nov-27-08 10:30 AM   #62 
     - Who says Greenspan is among the "most cerebral guys"?  dbmk   Nov-26-08 05:37 PM   #50 
        - Well, he appears to have a Phd and to have enjoyed high office  KCabotDullesMarxIII   Nov-26-08 05:47 PM   #51 
        - Frickin Greenspan lives in a bubble. He needs a good dose of reality or the clap. Just sayin. nm  rhett o rick   Nov-26-08 11:02 PM   #55 
           - ".... or the clap." Now that's a riotous imagination!  KCabotDullesMarxIII   Nov-27-08 08:22 AM   #60 
     - I hear a lot of what you are saying...  Lucky Luciano   Nov-28-08 08:30 AM   #70 
  - And PHD's aren't necessarily Smart  12string   Nov-27-08 02:44 AM   #58 
     - Almost all PhDs pay their own way.  Lucky Luciano   Nov-28-08 08:17 AM   #69 
  - You are right!!! You are a g'damn genius! Not just because you figured that all out, but also  BrklynLiberal   Nov-26-08 01:18 PM   #43 
  - My BIL tried explaining it all to me.  knitter4democracy   Nov-26-08 05:53 PM   #52 
  - Damn you, I don't want to be smarter. I drink especially to help numb this schtuff.  rhett o rick   Nov-26-08 11:01 PM   #54 
  - I would like to add a caveat.....  OwnedByFerrets   Nov-27-08 12:17 AM   #57 
  - Wonderful its all one big Nigerian 419 scheme........  Historic NY   Nov-27-08 07:08 AM   #59 
  - I've pretty much lost faith with  eilen   Nov-27-08 08:59 AM   #61 
  - I've been thinking about the new 8 trillion number for days now and I'm coming to a conclusion  Joanne98   Nov-27-08 03:36 PM   #66 
  - 50 Trillion is not the amount of money various banks owe from CDS exposure  Lucky Luciano   Nov-28-08 08:39 AM   #71 
  - You're right--I AM smarter than I think you are.  Jackpine Radical   Nov-27-08 03:40 PM   #67 
 

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