Take On the Street (Review and Analysis of Levitt's Book)

By BusinessNews Publishing

The must-read summary of Arthur Levitt's book: "Take On the Street: What Wall Street and Corporate America Don't Want You to Know What You Can Do to Fight Back".

This summary of the ideas from Arthur Levitt's book "Take On the Street" answers some of the questions that often befuddle the new investor: How should you deal with brokers? What are mutual funds? How should you read investor reports and financial results? In his book, the author takes the time to answer these questions and many others. He also advises investors to always remember whom the person they are talking to is working for (your broker is first and foremost, a sales person) and how to find and identify the most important pieces of information. This summary is a must-read for any new investors who want to become informed and start making money.

Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge

To learn more, read "Take On the Street" and discover how anyone can learn the facts and become a savvy investor.

• Language: English
• Publisher: Business Book Summaries
• Release date: Sep 29, 2014
• ISBN: 9782511016473

Book preview

Book Presentation Take on the Street by Arthur Levitt

Book Abstract

About the Author

Important Note About This Ebook

Summary of Take on the Street (Arthur Levitt)

1. How to Deal With Brokers

2. All You Need to Know About Mutual Funds

3. Analysts and Research Reports

4. Stopping the Flow of Inside Information

5. The Auditor’s True Role

6. How to Read a Company’s Financial Statements

7. How Transaction Costs Affect You, the Investor

8. The Importance of Corporate Governance

9. Making Your Voice Heard by the Government

10. Tips on Getting Your 401(k) in Shape

Book Abstract

MAIN IDEA

Investors should not be afraid to take matters into their own hands. The key to doing this is to become an informed investor – aware of all the pitfalls, conflicts of interest, motivations and political favoritism which currently exists in the broader economy. In the context of personal investmenting success, knowledge genuinely confers power.

In other words, the more investors know, the better. And the more active investors become in taking matters in their own hands, the less potential there will be for more corporate disasters to occur in the future. Fortunately, the arrival of the Internet and other communications technologies now makes informed investing much more feasible and manageable. It also make it possible for the voice of the consumer to be heard more directly by lawmakers and corporate managers than ever before. For consumers to fail to take advantage of these new powers and extended responsibilities would be deplorable.

About the Author

ARTHUR LEVITT is the former chairman of the U.S. Securities and Exchange Commission. Appointed in July 1993, he is the longest serving chairman in the history of the SEC. Before joining the commission, Mr. Levitt worked for sixteen years on Wall Street. He has also served as chairman of the American Stock Exchange and the New York City Economic Development Corporation, and as owner of Roll Call, a newspaper that covers Capital Hill.

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