Pia P.’s Reviews > Liar's Poker > Status Update

“Risk, I had learned, was a commodity in itself. Risk could be canned and sold like tomatoes. Different investors place different prices on risk. If you are able, as it were, to buy risk from one investor cheaply, and sell it to another investor dearly, you can make money without taking any risk yourself....”

“I recall that one of the first investment bankers I met taught me a poem:

God gave you eyes,
plagiarise.”

‘The bond market lapses into Latin after a couple of drinks. /Meum dictume pactum/ was another Latin phrase I used to hear, but that was just a joke. It means “my word is my bond”.’

‘The bond market lapses into Latin after a couple of drinks. /Meum dictume pactum/ was another Latin phrase I used to hear, but that was just a joke. It means “my word is my bond”.’

“Look,” he said, losing his patience, “who do you work for, this guy or Salomon Brothers?”

“You didn’t necessarily have a good reason for every position. Sometimes you bought bonds just to find out what was going on in the street. You didn’t want someone hanging around asking you why you did such and such.”