Michael Lewis & Salomon Brothers: A Firsthand Account

Michael Lewis & Salomon Brothers: A Firsthand Account

How does Michael Lewis know so much about the Salomon Brothers? What did Lewis witness while working at the firm? In Liar’s Poker by Michael Lewis, the Salomon Brothers are written about extensively with firsthand knowledge. Fresh out of college in the mid-1980s, Lewis joined the Salomon team, was trained in their philosophy of investing, and then became part of its culture. Get the inside scoop on what it was like working at Salomon Brothers in the 1980s.

How to Adopt an Abundance Mentality—Advice for Leaders

How to Adopt an Abundance Mentality—Advice for Leaders

What is an abundance mentality? How can you combat a scarcity mindset? The 15 Commitments of Conscious Leadership says that you must adopt a mindset of abundance if you want to be the best leader for your organization. In other words, believe that there are enough external resources (jobs, money, and so on) to make everyone happy. Discover how to embrace an abundance mentality below.

Embrace the Conscious & Unconscious Mind to Become Whole

Embrace the Conscious & Unconscious Mind to Become Whole

What’s the difference between the conscious and unconscious mind? Can they be united? Your conscious mind comprises the feelings, thoughts, and memories that you’re aware of. Your unconscious mind is everything that you’re currently unaware of. Existential Kink by Carolyn Elliott says that, to become a whole being, you need to unite both the conscious and unconscious mind. Keep reading to learn how to be in touch with your whole self and take control of your life.

The Top 4 Competitive Strategies in Business—Explained

The Top 4 Competitive Strategies in Business—Explained

What are the top four competitive strategies in business? Which of these strategies is right for your operation? A competitive strategy is a tactic businesses use to gain an advantage in the market. Even within a niche market, there may be hundreds or thousands of markets to compete with, so having a good strategy can make your business more attractive to consumers. We’ll look at the four most common competitive strategies in business and explain how each of them can put you on top. 

The Rise and Fall of the Mortgage Bond Market in the 1980s

Racial Predatory Mortgage Lending and The 2008 Crisis

When was the mortgage bond era on Wall Street? How did bankers profit from home loans in the 1980s? The mortgage bond market was booming in the 1970s. The number of home loans that were borrowed was at an all-time high, and the investment bank Salomon Brothers found a way to capitalize on it. Discover more about how people profited off the mortgage bond market, according to Michael Lewis’s book Liar’s Poker.

How to Be an Open-Minded Leader: 2 Actionable Techniques

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How does being open-minded make you a better leader? Why should you be willing to listen to other people’s perspectives? Being a leader isn’t just about taking control and giving orders. According to The 15 Commitments of Conscious Leadership, it’s also about humbling yourself and taking the time to see other people’s points of view. Learn how to be a more open-minded leader who listens to others.

How to Handle Unconscious Desires by Practicing Existential Kink

How to Handle Unconscious Desires by Practicing Existential Kink

Why do unconscious desires create negative patterns? What’s an existential kink? According to Existential Kink by Carolyn Elliott, people tend to repress desires that they’re ashamed of. But, repressing desires doesn’t get rid of them; they just turn into negative habits. Ironically, the only way to destroy these habits is to fully embrace the desires behind them. Keep reading to learn how unconscious desires manifest and to find the number one solution to dissolving them.

How to Break Up With Someone Without Hurting Them: 4 Tips

How to Break Up With Someone Without Hurting Them: 4 Tips

Are you in a relationship that needs to end? How can you break up with someone without hurting them? Even if your partner is a good person, sometimes relationships fizzle out. As long as you end things gently and with kindness, you shouldn’t have to worry about your partner holding a grudge toward you. This is how to break up with someone without hurting them so you can both move on.

The 1980s Savings and Loan Crisis: An Investor’s Solution

The 1980s Savings and Loan Crisis: An Investor’s Solution

What was the 1980s savings and loan crisis? How did Salomon Brothers and Lewis Ranieri navigate this crisis? Right on the cusp of the 1980s, the savings and loan industry suffered a shock that threatened to stop the housing market in its tracks. In Liar’s Poker, Michael Lewis says that instead of backing out of the mortgage bond business, Salomon Brothers dove head-first into the market, turning the US government’s plan to bail out local banks into a way to funnel money to itself. Continue reading to learn more about how the investment bank took advantage of the savings and

Importance of Gratitude in Leadership (+ How to Practice It)

How to Use the Law of Gratitude to Attract Wealth

Do you show your employees that you appreciate them? Why is it important to practice gratitude in leadership? The 15 Commitments of Conscious Leadership argues that effective leaders must practice gratitude. This involves being grateful for everything that comes your way and accepting gratitude from others. Keep reading to learn how to practice gratitude daily.