Home
Authors at Friends
Select
Philadelphia Free Library Lectures
Authors at
Classical America
Other Events
Signed Books
Pictures From Signings
About Friends Select School
Alvin Holm A.I.A. Architects
| |
Back
|
|
|
by: |
Arthur Levitt |
|
Category: |
Business
& Economics - Pers. Investing |
Imprint: |
Pantheon |
Format: |
Hardcover |
Pub Date: |
October
2002 |
Price: |
$24.95 |
ISBN: |
0-375-42178-5 |
|
Also available as a audio CD, a downloadable audiobook and an eBook. |
|
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.
“During my lifetime,
the small investor has never had a better friend than SEC chairman Arthur Levitt.
His goal was unwavering: To have markets that served the interests of investors,
both large and small.” —Warren Buffett
First appointed in
1993, Arthur Levitt was the longest-serving SEC chairman. He was also chairman
of the New York City Economic Development Corporation and the American Stock
Exchange. He co-founded the brokerage firm that eventually became Citigroup. He
lives in Connecticut.
|