(Thanks to Eric Z. for this piece)

In the 1980's a Wall Street insider, Michael Lewis, wrote an incredible book entitled, "Liar's Poker".

At 24 years of age, he was a financial manager for Salomon Brothers, even though he had never had an accounting course, run a business or had even managed  his own money.   He left three years later, much richer.

He wrote his book as a warning sign of the absolute incompetance on Wall Street.  It took nearly 20 years for many of his predictions to come true. 

His latest article: "The End"  provides an updated account of his views.  It's rather long, but worth the read.......over the weekend.