Fink ready to write a new chapter for BlackRock
In Liar’s Poker, author Michael Lewis chronicled the dramatic rise and fall of the mortgage-backed bond desk at Salomon Brothers during the bull market of the 1980s. Many of the characters - some famously referred to in the bestselling book as “Masters of the Universe” - have either retired or moved on to less high-profile positions.
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Poker lingo:
- RAKE - Money taken from each pot and given to the house in return for hosting the game. Usually a percentage of the pot (5%-10%) up to some maximum amount.
- ROLLED UP - In seven-card stud, being dealt three of a kind in the first three cards.
- HIT - To make a hand or catch a card or cards that improves one's hand. "I hit a gut-shot draw on the river."
- FIRE - To make the first bet in a betting round. Used to emphasize that the player bet when a check was possible, showing strength.
- TOKE - Gambling term for "tip", as in "Toke the cocktail waitress". Comes from the term "Token of appreciation".
- LOCK - A hand that cannot be beat under any circumstances. Also: NUTS.
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