some broker somewhere took out a handsome fee for himself, without necessarily doing much work.
by Michael Lewis
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In "Liar's Poker," Michael Lewis explores the world of Wall Street during the 1980s, highlighting the culture of high-stakes finance. The narrative reveals how brokers and traders often profited significantly, sometimes at the expense of clients, by capitalizing on complex transactions and market dynamics. Lewis illustrates the competitive and often ruthless environment where substantial commissions could be earned with relatively little effort.

This culture is exemplified in the quote about brokers taking a "handsome fee," suggesting a business model where profit doesn't always correlate with effort or value provided. The book critiques this behavior, shedding light on the moral ambiguities that can arise in finance, where some individuals thrive financially without substantial contributions to their clients' success.

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