Take on the street : what Wall Street and corporate America don't want you to know : what you can do to fight back / Arthur Levitt with Paula Dwyer.

Format:

• Book

Author/Creator:

• Levitt, Arthur, 1931-

Contributor:

• Gotham Book Mart Collection (University of Pennsylvania)
• Dwyer, Paula, 1954-

Language:

English

Subjects (All):

• Investments.
• Investment analysis.
• Investments--United States.
• United States.

Penn Provenance:

• Gotham Book Mart (former owner) (Gotham Book Mart Collection copy)

Physical Description:

x, 338 pages : illustrations ; 24 cm

Edition:

First edition.

Place of Publication:

New York : Pantheon Books, [2002]

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.

Contents:

• 1 How to Sleep as Well as Your Broker 17
• 2 The Seven Deadly Sins of Mutual Funds 41
• 3 Analyze This 65
• 4 Reg FD: Stopping the Flow of Inside Information 87
• 5 The Numbers Game 105
• 6 Beware False Profits: How to Read Financial Statements 144
• 7 Pay Attention to the Plumbing 175
• 8 Corporate Governance and the Culture of Seduction 204
• 9 How to Be a Player 236
• 10 Getting Your 401(k) in Shape 257
• Appendix Power Games 285.

Notes:

Includes index.

Local Notes:

Gotham Book Mart Collection copy has Gotham Book Mart bookmark laid in.

ISBN:

0375421785

OCLC:

49704690