{"id":109399,"date":"2023-07-31T10:20:00","date_gmt":"2023-07-31T14:20:00","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=109399"},"modified":"2023-08-09T10:13:48","modified_gmt":"2023-08-09T14:13:48","slug":"liars-poker-quotes","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/","title":{"rendered":"Liar&#8217;s Poker: Quotes About Wall Street&#8217;s Tricky Game"},"content":{"rendered":"\n<p>What are the best Liar&#8217;s Poker quotes that detail the wealth-chasing culture of the 1980s? What does the book say about ethics in investing?<\/p>\n\n\n\n<p>In <em>Liar&#8217;s Poker<\/em>, Michael Lewis discusses the events that led to a boom in the bond market around 1980. Additionally, he details how the Salomon Brothers investment firm was ideally poised to make the most of that market, and what the internal culture of Salomon was like.<\/p>\n\n\n\n<p>Below are quotes from <em>Liar&#8217;s Poker<\/em> that share all you need to know about the book.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-quotes-from-liar-s-poker\">Quotes From <em>Liar&#8217;s Poker<\/em><\/h2>\n\n\n\n<p>The cynical view of the financial world says that Wall Street is run by a special breed of traders who exploit investors\u2019 collective fear and greed to enrich themselves however they can, without any care for the havoc they might wreak. In <em>Liar\u2019s Poker<\/em>, Michael Lewis backs up this opinion with a first-hand account of the pursuit of ill-gotten riches at the Salomon Brothers investment firm during the 1980s. As a Salomon employee, Lewis took part in its wealth-chasing culture and witnessed the start of its downward spiral.&nbsp;<\/p>\n\n\n\n<p>Let&#8217;s look at a few <em>Liar&#8217;s Poker<\/em> quotes to get the main ideas.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThe men on the trading floor may not have been to school, but they have Ph.D.\u2019s in man\u2019s ignorance.\u201d<\/p><\/blockquote>\n\n\n\n<p>Originally founded as a private partnership, Salomon Brothers became a publicly traded corporation in the \u201970s before being acquired by <a href=\"https:\/\/www.phibro.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Phibro<\/a> in 1981, with chairman John Gutfreund personally making $40 million on the deal. Lewis writes that Salomon Brothers\u2019 profits weren\u2019t as important to Gutfreund as the power and prestige he received as CEO. Under Gutfreund\u2019s leadership (or lack thereof) there was absolutely no oversight of what the company\u2019s traders were doing or how they did it. All that mattered was that they made the firm money. Neither was there any sense of moderation from Gutfreund or his fellow executives. According to Lewis, every action they took was either full-throttle or nothing at all.<\/p>\n\n\n\n<p>At the start of the \u201980s, the all-or-nothing approach paid dividends, because when the bond market began to take off, <strong>Salomon Brothers had already fought for a controlling monopoly of bond trades on Wall Street.<\/strong> They\u2019d been allowed to do so because other trading firms had always disparaged bonds as second-class investments. Once the tide turned, Salomon cornered the market, and its dealers encouraged all of their clients to leverage debt in the form of more bonds, which they\u2019d trade from investor to investor while charging a fee on every transaction. <a href=\"https:\/\/www.shortform.com\/blog\/bond-trader\/\">Bond traders<\/a> used every sales trick in the book to hike up the number of transactions their clients made, always increasing Salomon\u2019s cut of the pie.&nbsp;<\/p>\n\n\n\n<p>Salomon\u2019s bond traders saw themselves as financial entrepreneurs and viewed everyone else in the banking world as timid, cowardly sheep. The trading floor was very much a boys\u2019 club. Women were allowed to sell products to clients, but only men were allowed to join the upper echelons where trading took place. Lewis recounts that <strong>bond traders constantly fought to prove their alpha-male status<\/strong> by aggressive trading, excessive self-indulgence, and elaborate pranks that bordered on abuse. Their chief entertainment was a game called \u201cLiar\u2019s Poker\u201d\u2014a version of \u201c<a href=\"https:\/\/bicyclecards.com\/how-to-play\/i-doubt-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">I Doubt It<\/a>\u201d played with dollar bills instead of cards. The point of the game was to <a href=\"https:\/\/www.shortform.com\/blog\/how-to-read-other-people\/\">read other people<\/a>, call out bluffs, and learn how to lie\u2014all useful skills in the world of high finance.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWarren Buffett is fond of saying that any player unaware of the fool in the market probably is the fool in the market.\u201d<\/p><\/blockquote>\n\n\n\n<p>When one of Salomon\u2019s chief investors wanted to sell their shares, Perelman swooped in and made an offer to buy them with funding provided by Michael Milken. Ronald Perelman usually fired the managers of the companies he took over, so Gutfreund scrambled to find another buyer to keep his position in the firm. The buyer he found was investor Warren Buffett, but Buffett saved Salomon to make a profit for himself, and he didn\u2019t want shares in the business. Instead, Lewis writes that <strong>Buffett loaned Salomon Brothers $800 million so it could buy back its stock,<\/strong> a loan that Salomon would have to repay at 9% interest. Gutfreund\u2019s job as CEO was secure, but the price would be paid by the firm\u2019s shareholders until their debt to Buffett was cleared.<\/p>\n\n\n\n<p>Perelman\u2019s takeover attempt may have been motivated by more than simple greed. Lewis suggests that <strong>Milken may have urged the takeover because of his animosity toward Salomon\u2019s CEO Gutfreund,<\/strong> a dislike that Gutfreund reciprocated. Milken\u2019s Drexel Burnham had lured away many of Gutfreund\u2019s former employees, and the rivalry between their two firms was one of the biggest on Wall Street.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cI\u2019m now convinced that the worst thing a man can do with a telephone without breaking the law is to call someone he doesn\u2019t know and try to sell that person something he doesn\u2019t want.\u201d<\/p><\/blockquote>\n\n\n\n<p>The trends that led to Salomon Brothers\u2019 meteoric rise in the \u201980s began long before Lewis joined the firm. Salomon\u2019s embarrassment of riches didn\u2019t come from traditional government or corporate bonds but from its willingness to experiment in the fledgling <a href=\"https:\/\/www.shortform.com\/blog\/mortgage-bond-market\/\">mortgage bond market<\/a>. Lewis explains how mortgage bonds work, how Salomon Brothers capitalized on the market, and how they turned the mortgage lenders\u2014the savings and loan industry\u2014into the primary customers of the mortgage bonds they created.<\/p>\n\n\n\n<p>Lewis writes that in the 1970s, the largest and most rapidly expanding group of borrowers were homebuyers, not investors. What\u2019s more, since home loans were insured by the government, they were safe bets for lenders to make since the risk was deferred to the American taxpayer. <strong>By 1980, the mortgage industry was handling over $1 trillion in loans,<\/strong> more money than in the entire US stock market, but from Wall Street\u2019s perspective home loans were viewed as worthless. They were tiny compared to the huge transactions Wall Street banks dealt in, and on an individual basis, they were logistically difficult to trade. Instead, home loans were the bailiwick of small, local bankers whom Wall Street institutions thought of as ignorant country bumpkins.<\/p>\n\n\n\n<p>To make home loans worth Wall Street\u2019s time and energy, bankers had to find a way to trade and profit from them in bulk. The solution is to bundle large groups of mortgages into pools. Within each pool, only a fraction of the loans should default while the pool as a whole remains a net positive investment. That pool can then be converted into a bond through which dealers can buy and sell mortgages in bulk. The bondholder receives the interest payments homeowners make on their loans while he\u2019s also able to shop the bond around like any other financial equity. Lewis points out that all through this process, the bondholder and the homeowners are completely blind to each other&#8217;s existence\u2014all that matters is the financial product.<\/p>\n\n\n\n<p>The main problem with mortgage bonds (as compared to corporate or government bonds) is that they don\u2019t have a fixed maturity date. Homeowners have the option to pay off their loans early, which they usually do via refinancing when interest rates are low. When homeowners pay out, the bond turns to cash at what is generally the worst time (because of low interest rates) for the bondholder to reinvest his money. Despite this, Lewis recounts that <strong>Salomon Brothers believed the mortgage bond market would be hot in the 1980s.<\/strong> The housing business was expanding too quickly, and local banks didn\u2019t have enough money to finance all the loans they wanted to make. Mortgage bonds would act as a tool for Wall Street to provide that funding.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What are the best Liar&#8217;s Poker quotes that detail the wealth-chasing culture of the 1980s? What does the book say about ethics in investing? In Liar&#8217;s Poker, Michael Lewis discusses the events that led to a boom in the bond market around 1980. Additionally, he details how the Salomon Brothers investment firm was ideally poised to make the most of that market, and what the internal culture of Salomon was like. Below are quotes from Liar&#8217;s Poker that share all you need to know about the book.<\/p>\n","protected":false},"author":14,"featured_media":95652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,81],"tags":[1115],"class_list":["post-109399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-books","category-economics","tag-liars-poker","","tg-column-two"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Liar&#039;s Poker: Quotes About Wall Street&#039;s Tricky Game - Shortform Books<\/title>\n<meta name=\"description\" content=\"Working on Wall Street requires a killer instinct, and keeping eyes on traitors. Here are the best Liar&#039;s Poker quotes that reflect this.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liar&#039;s Poker: Quotes About Wall Street&#039;s Tricky Game\" \/>\n<meta property=\"og:description\" content=\"Working on Wall Street requires a killer instinct, and keeping eyes on traitors. Here are the best Liar&#039;s Poker quotes that reflect this.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/\" \/>\n<meta property=\"og:site_name\" content=\"Shortform Books\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-31T14:20:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-09T14:13:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.amazonaws.com\/wordpress.shortform.com\/blog\/wp-content\/uploads\/2023\/03\/open-book-pages-picture.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Katie Doll\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Katie Doll\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/\"},\"author\":{\"name\":\"Katie Doll\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/c3e1b539e89423b544ede91ab2bff937\"},\"headline\":\"Liar&#8217;s Poker: Quotes About Wall Street&#8217;s Tricky Game\",\"datePublished\":\"2023-07-31T14:20:00+00:00\",\"dateModified\":\"2023-08-09T14:13:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/\"},\"wordCount\":1312,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2023\/03\/open-book-pages-picture.jpg\",\"keywords\":[\"Liar&#039;s Poker\"],\"articleSection\":[\"Books\",\"Economics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/\",\"url\":\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/\",\"name\":\"Liar's Poker: Quotes About Wall Street's Tricky Game - Shortform Books\",\"isPartOf\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2023\/03\/open-book-pages-picture.jpg\",\"datePublished\":\"2023-07-31T14:20:00+00:00\",\"dateModified\":\"2023-08-09T14:13:48+00:00\",\"description\":\"Working on Wall Street requires a killer instinct, and keeping eyes on traitors. Here are the best Liar's Poker quotes that reflect this.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#primaryimage\",\"url\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2023\/03\/open-book-pages-picture.jpg\",\"contentUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2023\/03\/open-book-pages-picture.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.shortform.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Liar&#8217;s Poker: Quotes About Wall Street&#8217;s Tricky Game\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#website\",\"url\":\"https:\/\/www.shortform.com\/blog\/\",\"name\":\"Shortform Books\",\"description\":\"The World&#039;s Best Book Summaries\",\"publisher\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.shortform.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#organization\",\"name\":\"Shortform Books\",\"url\":\"https:\/\/www.shortform.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png\",\"contentUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png\",\"width\":500,\"height\":74,\"caption\":\"Shortform Books\"},\"image\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/c3e1b539e89423b544ede91ab2bff937\",\"name\":\"Katie Doll\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6239731a3fc739640b80be30f2b1727a055d3535d0ee4569e8282faa323e47fc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6239731a3fc739640b80be30f2b1727a055d3535d0ee4569e8282faa323e47fc?s=96&d=mm&r=g\",\"caption\":\"Katie Doll\"},\"description\":\"Somehow, Katie was able to pull off her childhood dream of creating a career around books after graduating with a degree in English and a concentration in Creative Writing. Her preferred genre of books has changed drastically over the years, from fantasy\/dystopian young-adult to moving novels and non-fiction books on the human experience. Katie especially enjoys reading and writing about all things television, good and bad.\",\"knowsAbout\":[\"Bachelor of Arts in English With a Concentration in Creative Writing\"],\"jobTitle\":\"Senior SEO Writer\",\"worksFor\":\"Shortform\",\"url\":\"https:\/\/www.shortform.com\/blog\/author\/katie\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Liar's Poker: Quotes About Wall Street's Tricky Game - Shortform Books","description":"Working on Wall Street requires a killer instinct, and keeping eyes on traitors. Here are the best Liar's Poker quotes that reflect this.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/","og_locale":"en_US","og_type":"article","og_title":"Liar's Poker: Quotes About Wall Street's Tricky Game","og_description":"Working on Wall Street requires a killer instinct, and keeping eyes on traitors. Here are the best Liar's Poker quotes that reflect this.","og_url":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/","og_site_name":"Shortform Books","article_published_time":"2023-07-31T14:20:00+00:00","article_modified_time":"2023-08-09T14:13:48+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/s3.amazonaws.com\/wordpress.shortform.com\/blog\/wp-content\/uploads\/2023\/03\/open-book-pages-picture.jpg","type":"image\/jpeg"}],"author":"Katie Doll","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Katie Doll","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#article","isPartOf":{"@id":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/"},"author":{"name":"Katie Doll","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/c3e1b539e89423b544ede91ab2bff937"},"headline":"Liar&#8217;s Poker: Quotes About Wall Street&#8217;s Tricky Game","datePublished":"2023-07-31T14:20:00+00:00","dateModified":"2023-08-09T14:13:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/"},"wordCount":1312,"commentCount":0,"publisher":{"@id":"https:\/\/www.shortform.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2023\/03\/open-book-pages-picture.jpg","keywords":["Liar&#039;s Poker"],"articleSection":["Books","Economics"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/","url":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/","name":"Liar's Poker: Quotes About Wall Street's Tricky Game - Shortform Books","isPartOf":{"@id":"https:\/\/www.shortform.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#primaryimage"},"image":{"@id":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2023\/03\/open-book-pages-picture.jpg","datePublished":"2023-07-31T14:20:00+00:00","dateModified":"2023-08-09T14:13:48+00:00","description":"Working on Wall Street requires a killer instinct, and keeping eyes on traitors. Here are the best Liar's Poker quotes that reflect this.","breadcrumb":{"@id":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#primaryimage","url":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2023\/03\/open-book-pages-picture.jpg","contentUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2023\/03\/open-book-pages-picture.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/www.shortform.com\/blog\/liars-poker-quotes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.shortform.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Liar&#8217;s Poker: Quotes About Wall Street&#8217;s Tricky Game"}]},{"@type":"WebSite","@id":"https:\/\/www.shortform.com\/blog\/#website","url":"https:\/\/www.shortform.com\/blog\/","name":"Shortform Books","description":"The World&#039;s Best Book Summaries","publisher":{"@id":"https:\/\/www.shortform.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.shortform.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.shortform.com\/blog\/#organization","name":"Shortform Books","url":"https:\/\/www.shortform.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png","contentUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png","width":500,"height":74,"caption":"Shortform Books"},"image":{"@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/c3e1b539e89423b544ede91ab2bff937","name":"Katie Doll","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6239731a3fc739640b80be30f2b1727a055d3535d0ee4569e8282faa323e47fc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6239731a3fc739640b80be30f2b1727a055d3535d0ee4569e8282faa323e47fc?s=96&d=mm&r=g","caption":"Katie Doll"},"description":"Somehow, Katie was able to pull off her childhood dream of creating a career around books after graduating with a degree in English and a concentration in Creative Writing. Her preferred genre of books has changed drastically over the years, from fantasy\/dystopian young-adult to moving novels and non-fiction books on the human experience. Katie especially enjoys reading and writing about all things television, good and bad.","knowsAbout":["Bachelor of Arts in English With a Concentration in Creative Writing"],"jobTitle":"Senior SEO Writer","worksFor":"Shortform","url":"https:\/\/www.shortform.com\/blog\/author\/katie\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2023\/03\/open-book-pages-picture.jpg","_links":{"self":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts\/109399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/comments?post=109399"}],"version-history":[{"count":4,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts\/109399\/revisions"}],"predecessor-version":[{"id":110221,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts\/109399\/revisions\/110221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/media\/95652"}],"wp:attachment":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/media?parent=109399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/categories?post=109399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/tags?post=109399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}