In "Liar's Poker," Michael Lewis highlights a brutal challenge where losing equates to enduring significant pain without displaying any signs of weakness. The phrase "no tears" signifies an expectation of stoicism, indicating that the defeated must bear their suffering quietly.
This concept emphasizes a harsh reality in competitive environments, particularly in finance, where showing vulnerability can be seen as a sign of failure. The need to remain silent about one's struggles reflects a culture that values resilience and toughness over emotional expression.