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Take on the Street

What Wall Street and Corporate America Don't Want You To Know and How You Can Fight Back
Narrated by: Scott Brick
Length: 13 hrs and 7 mins
1.0 out of 5 stars (1 rating)

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Publisher's Summary

Investors today are being fed lies and distortions, are being exploited and neglected. In the wake of the last decade’s rush to invest by millions of households and Wall Street’s obsession with short-term performance, a culture of gamesmanship has grown among corporate management, financial analysts, brokers, and fund managers, making it hard to tell financial fantasy from reality, salesmanship from honest advice. 

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

"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) 

"Lively and illuminating....Blends backroom revelations of a first-rate political memoir with the no-nonsense advice of a basic investment primer." (The New York Times

"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)

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not what i thought about this book

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 boring

What character would you cut from Take on the Street?

not what I think it is

Any additional comments?

not recommend to others

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    5 out of 5 stars
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  • Mr. M Metwally
  • 08-02-2005

Excellent eye opener

This book is a must hear/read for business leaders, investors, accountants, business students and particularly board directors of any company. The author has carefully written this book to target the widest audience possible...it can be boring for finance professionals in some parts, but the value in most of it is intellectually stimulating even for the pros.

8 people found this helpful

  • Overall
    5 out of 5 stars
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  • JOSHUA HELMAN, M.D.
  • 14-03-2006

Someone Looking out for the Individual Investor

Mr. Levitt presents a compelling behind-the-scenes account of his efforts to advocate for the Individual Investor. The fact that he was often forced to compromise this goal, due to politcial pressure, is shocking.

5 people found this helpful

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    2 out of 5 stars
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  • T. Do
  • 20-12-2004

Interesting Info but very slow and dry

I can't recommend this book although the information is interesting if your interested in investing and financial markets but the tone and pace make it hard to listen to.

6 people found this helpful

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    3 out of 5 stars
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  • Raylene
  • 30-08-2005

Good info but narration is distracting

The content is very good, when I can get past the narration. I'm sure the narrator had the best intentions but, to me, it was non-fiction with "an attitude."

3 people found this helpful

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  • bryan
  • 29-08-2019

Not for me

I found the content of the book opinion based with very little facts. Didn't learn anything new.

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  • ichetuknee
  • 09-04-2019

Excellent information. Must read for investors.

Excellent information. Must read for investors. Get informed about the multitude of ways you are getting burned by the financial industry. Don't get burned again. Thanks, Arthur.

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    2 out of 5 stars
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  • Emil
  • 25-07-2009

Expected more...

I expected more from this book. It tell you about all those things you hear in the media all the time and you can do nothing about anyway (with very few exceptions).

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  • Vera Krejcar
  • 05-12-2011

Arthur, You should do more golfing

What would have made Take on the Street better?

If Arthur Levitt had different attitude.

Any additional comments?

As a very small individual investor, immigrant from communist country, I do not want Arthur to hold my hand. I educate myself, I take risk myself, I take losses, I take gains. Please get out of the way of business, or go live in Russia.

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  • Steve
  • 16-07-2015

The title is completely wrong

What disappointed you about Take on the Street?

Got the book reading the title. But the front cover has a totally different book.

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  • Amazon Customer
  • 31-05-2019

Arthur Levitt is an Icon

a great introduction to the nature of the financial markets and a must read for all stakeholders