Download Take on the Street: What Wall Street and Corporate America Don't Want You to Know AudioBook Free
Investors today are being fed lies and distortions, are being exploited and neglected. Within 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 is continuing to grow among corporate management, financial analysts, brokers, and fund managers, rendering it hard in order to financial fantasy from reality, salesmanship from honest advice.
In Take on the Street, Arthur Levitt—former chairman of the Securities and Exchange Commission—shows ways to take matters into your own hands. Simultaneously anecdotal (names are named), informative, and prescriptive, Undertake the Street expounds on, among other subjects: the relationship between broker compensation as well as your trading account; the conflicts appealing inherent in buy-hold-or-sell suggestions of analysts; just what happens—and who gets a bit 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 take part in sleight of hand to fake impressive company performance; where to find the reality in a company’s financial statements; the true reason behind the Street’s hostility to full disclosure; the crisis in corporate governance, and, given these shenanigans and double-dealings, what specific actions you can take to safeguard your financial future.
With integrity and authority, Levitt gives us a bracing primer on the collapse of the machine for overseeing our capital markets, and sage, essential advice over a discipline we often ignore to your peril—how not to lose money.
From the Hardcover edition.
