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The Wall Street legend made famous in 'Liar's Poker' has died - here are the most iconic scenes from the book

Mar 10, 2016, 04:04 IST

AP Images

John Gutfreund - the Wall Street legend made famous in Michael Lewis' 'Liar's Poker' - has died.

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Gutfreund was the CEO of Salomon Brothers when Lewis began his career there. He spent a total of 38 years at the firm.

In Liar's Poker, Lewis recounts his four-year stint at Salomon Brothers, the now-defunct Wall Street investment bank where the mortgage bond was invented.

Lewis' detailed explanation of how Salomon reaped massive profits from the explosion in mortgage bonds is instructive.

It was his depictions of the larger-than-life personalities like Gutfreund, the jungle mentality, and other elements of the unsavory culture that really made the book a hit, however.

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We've compiled 10 moments from Liar's Poker that capture exactly why the book became an instant classic.

Editor's Note: Former Business Insider writer Luke Kawa contributed to an earlier version of this feature.

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