Try Premium for 30 days

Live games for all NFL, MLB, NBA, & NHL teams
Commercial-Free Music
No Display Ads
Take on the Street - What Wall Street and Corporate America Don't Want You to Know and How You Can Fight Back-logo

Take on the Street - What Wall Street and Corporate America Don't Want You to Know and How You Can Fight Back

Arthur Levitt

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. From the Hardcover edition.

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. From the Hardcover edition.
More Information

Description:

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. From the Hardcover edition.

Language:

English

Length:

6h 15m


Chapters

Chapter 1
Chapter 1

05:57


Chapter 2
Chapter 2

03:43


Chapter 3
Chapter 3

05:14


Chapter 4
Chapter 4

05:14


Chapter 5
Chapter 5

05:20


Chapter 6
Chapter 6

05:00


Chapter 7
Chapter 7

05:38


Chapter 8
Chapter 8

01:31


Chapter 9
Chapter 9

07:37


Chapter 10
Chapter 10

01:29


Chapter 11
Chapter 11

04:17


Chapter 12
Chapter 12

05:48


Chapter 13
Chapter 13

03:42


Chapter 14
Chapter 14

05:07


Chapter 15
Chapter 15

07:47


Chapter 16
Chapter 16

02:59


Chapter 17
Chapter 17

06:10


Chapter 18
Chapter 18

02:56


Chapter 19
Chapter 19

05:19


Chapter 20
Chapter 20

03:23


Chapter 21
Chapter 21

04:27


Chapter 22
Chapter 22

06:30


Chapter 23
Chapter 23

05:45


Chapter 24
Chapter 24

04:24


Chapter 25
Chapter 25

05:32


Chapter 26
Chapter 26

02:47


Chapter 27
Chapter 27

06:36


Chapter 28
Chapter 28

04:15


Chapter 29
Chapter 29

07:18


Chapter 30
Chapter 30

05:38


Chapter 31
Chapter 31

04:28


Chapter 32
Chapter 32

05:37


Chapter 33
Chapter 33

06:37


Chapter 34
Chapter 34

06:27


Chapter 35
Chapter 35

07:18


Chapter 36
Chapter 36

05:32


Chapter 37
Chapter 37

05:33


Chapter 38
Chapter 38

05:03


Chapter 39
Chapter 39

03:24


Chapter 40
Chapter 40

05:54


Chapter 41
Chapter 41

03:54


Chapter 42
Chapter 42

06:41


Chapter 43
Chapter 43

04:47


Chapter 44
Chapter 44

05:28


Chapter 45
Chapter 45

03:43


Chapter 46
Chapter 46

06:38


Chapter 47
Chapter 47

07:26


Chapter 48
Chapter 48

04:57


Chapter 49
Chapter 49

06:40


Chapter 50
Chapter 50

05:47


Chapter 51
Chapter 51

05:40


Chapter 52
Chapter 52

07:50


Chapter 53
Chapter 53

05:43


Chapter 54
Chapter 54

06:05


Chapter 55
Chapter 55

05:44


Chapter 56
Chapter 56

02:49


Chapter 57
Chapter 57

07:01


Chapter 58
Chapter 58

02:13


Chapter 59
Chapter 59

04:01


Chapter 60
Chapter 60

04:12


Chapter 61
Chapter 61

03:58


Chapter 62
Chapter 62

08:12


Chapter 63
Chapter 63

07:09


Chapter 64
Chapter 64

05:24


Chapter 65
Chapter 65

04:35


Chapter 66
Chapter 66

05:35


Chapter 67
Chapter 67

05:01


Chapter 68
Chapter 68

07:30


Chapter 69
Chapter 69

03:45


Chapter 70
Chapter 70

03:55


Chapter 71
Chapter 71

05:53


Chapter 72
Chapter 72

02:02


Chapter 73
Chapter 73

01:42