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The Money Culture (1991)

by Michael Lewis(Favorite Author)

3.35 of 5 Votes: 2

ISBN

0393338657 (ISBN13: 9780393338652)

languge

English

genre

History & Biography

publisher

W. W. Norton & Company

review 1: Employing bold candour and brazen wit, Michael Lewis regales his reader about the new culture spawning the financial spectrum across the globe - a culture of uninhibited and vulgar greed. Manifesting itself in myriad ways such as Leveraged Buy Outs ("LBO"); collaterised mortgages and hostile takeovers, the unashamed purveyors of this culture remorselessly plough along leaving in their trail a ruinous wake.Michael Lewis provides a no holds barred vantage view about the motives underlying the blitzkrieg deeds of the Kravises; Milkens'; Wassersteins and Ross Johnsons of todays Corporate World. He also gleans out a few incredulous facts regarding the influence of this insidious culture on countries such as Japan (in particular) and those nestled within the confines of Europe.A... more must read for all interested in the affairs of the peddles of high finance and unscrupulous deals!
review 2: This book was a big disappointment.. Don't get me wrong, I'm a huge fan of Michael Lewis. Liar's Poker and The Big Short are two of the best books on Wall Street greed and its impact on Main Street that I've ever read. But The Money Culture is really nothing more than a time capsule. It was copyrighted in 1991 and reprinted in 2011 (when people realized that Michael Lewis knows what he is talking about). The back of the book describes it as a "Warts-and-all portrait of the 1980s financial scene." Actually, it a collection of Michael Lewis' columns from the late 1980s and early 1990s. There is no updating other than footnotes about when the column was written. I kept finding myself wondering what had happened since then. There were three sections, with articles on the U.S., Europe and Japan. I found the U.S. section extremely interesting (if unsatisfying), the section on Europe moderately interesting, and the section on Japan hard to get through. I would love to re-read this book with updates on the status of the players and the markets today. less

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