Download Take on the Street: What Wall Street and Corporate America Don't Want You To Know and How You Can Fight Back Audiobook

Take on the Street: What Wall Street and Corporate America Dont Want You To Know and How You Can Fight Back Audiobook, by Arthur Levitt Extended Sample Click for printable size audiobook cover
Author: Arthur Levitt Narrator: Scott Brick Publisher: Penguin Random House Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date: June 2002 ISBN: 9780736697767
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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. Download and start listening now!


Quotes & Awards

  • A clarion call to investors to "take on" the Street...Levitt implicitly argues that knowledge is power, offering investors valuable guidance about understanding corporate financial statements, the Byzantine workings of the securities market and today's flawed system of corporate governance. Mutual fund investors also get solid advice.... John C. Bogle, The Wall Street Journal
  • Levitt's book is first rate. Read it and be saved. Liz Smith
  • 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
  • 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
  • A David battling the Goliaths of Wall Street...with a mighty accurate sling-shot. All his considerable business savvy and political acumen [are] on eloquent display in this book.... Henry Paulson, The Financial Times

Listener Reviews

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  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Kay | 10/16/2007

    " first i though it would be a boring book :) but after i read it ,, i want to recommend it to my friend " ISMAIL " so much ,, he would love it :) i think "

About the Author

Arthur Levitt was the longest serving SEC chairman, initially appointed in 1993. He was also chairman of the New York City Economic Development Corporation and the American Stock Exchange. He lives in Connecticut.

About the Narrator

Scott Brick, an acclaimed voice artist, screenwriter, and actor, has performed on film, television, and radio. He attended UCLA and spent ten years in a traveling Shakespeare company. Passionate about the spoken word, he has narrated a wide variety of audiobooks. winning won more than fifty AudioFile Earphones Awards and several of the prestigious Audie Awards. He was named a Golden Voice by AudioFile magazine and the Voice of Choice for 2016 by Booklist magazine.