Take on the Street
What Wall Street and Corporate America Don't Want You To Know and How You Can Fight Back
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Narrated by:
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Scott Brick
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By:
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Arthur Levitt
About this listen
In Take on the Street, Arthur Levitt—former chairman of the Securities and Exchange Commission—shows how you can take matters into your own hands. At once anecdotal (names are named), informative, and prescriptive, Take on the Street expounds on, among other subjects: the relationship between broker compensation and your trading account; the conflicts of interest inherent in buy-hold-or-sell recommendations of analysts; what exactly happens—and who gets a piece of the action—when you place an order; the “seven deadly sins” of mutual funds; the vagaries and vicissitudes of 401(k) investments; how accountants engage in sleight of hand to fake impressive company performance; how to find the truth in a company’s financial statements; the real reason for the Street’s hostility to full disclosure; the crisis in corporate governance, and, given these shenanigans and double-dealings, what specific steps you can take to safeguard your financial future.
With integrity and authority, Levitt gives us a bracing primer on the collapse of the system for overseeing our capital markets, and sage, essential advice on a discipline we often ignore to our peril—how not to lose money.©2002 Arthur Levitt; (P)2002 Books on Tape, Inc.
Critic Reviews
"Arthur Levitt may never eat lunch on Wall Street again. Or on Capitol Hill, either. But he should be able to enjoy at least a cup of coffee on any Main Street in America if enough investors read his lively and illuminating new book....The only investment guide the average American will ever need. " – The New York Times
"The small investor has never had a better friend than former SEC chairman Arthur Levitt. His goal was unwavering: To have markets that served the interests of investors, both large and small." – Warren Buffett
"A David battling the Goliaths of Wall Street...with a mighty accurate sling-shot. All his considerable business savvy and political acumen [are] on eloquent display in this book...." –Henry Paulson, The Financial Times
"A clarion call to investors to "take on" the Street...Levitt implicitly argues that knowledge is power, offering investors valuable guidance about understanding corporate financial statements, the Byzantine workings of the securities market and today's flawed system of corporate governance. Mutual fund investors also get solid advice...."
–John C. Bogle, The Wall Street Journal
"Levitt's book is first rate. Read it and be saved."–Liz Smith
"The small investor has never had a better friend than former SEC chairman Arthur Levitt. His goal was unwavering: To have markets that served the interests of investors, both large and small." – Warren Buffett
"A David battling the Goliaths of Wall Street...with a mighty accurate sling-shot. All his considerable business savvy and political acumen [are] on eloquent display in this book...." –Henry Paulson, The Financial Times
"A clarion call to investors to "take on" the Street...Levitt implicitly argues that knowledge is power, offering investors valuable guidance about understanding corporate financial statements, the Byzantine workings of the securities market and today's flawed system of corporate governance. Mutual fund investors also get solid advice...."
–John C. Bogle, The Wall Street Journal
"Levitt's book is first rate. Read it and be saved."–Liz Smith
If this book wasn’t for you, who do you think might enjoy it more?
stock trader. this book is written for stock trader not for ordinary readers.Has Take on the Street put you off other books in this genre?
yes, I will be very careful what I buy in future.How did the narrator detract from the book?
quite boringWhat character would you cut from Take on the Street?
not what I think it isAny additional comments?
not recommend to othersnot what i thought about this book
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