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  • Take on the Street

  • What Wall Street and Corporate America Don't Want You To Know and How You Can Fight Back
  • By: Arthur Levitt, Paula Dwyer
  • Narrated by: Scott Brick
  • Length: 13 hrs and 7 mins
  • 4.3 out of 5 stars (6 ratings)

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Take on the Street

By: Arthur Levitt,Paula Dwyer
Narrated by: Scott Brick
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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. 

©2002 Arthur Levitt (P)2002 Books on Tape, Inc.

Critic reviews

"Should be mandatory...for anyone with a dollar invested in the stock market." (Publishers Weekly)
"Lively and illuminating....Blends backroom revelations of a first-rate political memoir with the no-nonsense advice of a basic investment primer." (The New York Times)

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Arthur Levitt is an Icon

a great introduction to the nature of the financial markets and a must read for all stakeholders

1 person found this helpful

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  • Overall
    5 out of 5 stars
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  • Mr. M Metwally
  • 08-02-05

Excellent eye opener

This book is a must hear/read for business leaders, investors, accountants, business students and particularly board directors of any company. The author has carefully written this book to target the widest audience possible...it can be boring for finance professionals in some parts, but the value in most of it is intellectually stimulating even for the pros.

10 people found this helpful

  • Overall
    2 out of 5 stars
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  • T-142
  • 20-12-04

Interesting Info but very slow and dry

I can't recommend this book although the information is interesting if your interested in investing and financial markets but the tone and pace make it hard to listen to.

6 people found this helpful

  • Overall
    5 out of 5 stars
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  • JOSHUA HELMAN, M.D.
  • 14-03-06

Someone Looking out for the Individual Investor

Mr. Levitt presents a compelling behind-the-scenes account of his efforts to advocate for the Individual Investor. The fact that he was often forced to compromise this goal, due to politcial pressure, is shocking.

5 people found this helpful

  • Overall
    3 out of 5 stars
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  • Raylene
  • 30-08-05

Good info but narration is distracting

The content is very good, when I can get past the narration. I'm sure the narrator had the best intentions but, to me, it was non-fiction with "an attitude."

3 people found this helpful

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  • Steve
  • 16-07-15

The title is completely wrong

What disappointed you about Take on the Street?

Got the book reading the title. But the front cover has a totally different book.

1 person found this helpful

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  • Vera Krejcar
  • 05-12-11

Arthur, You should do more golfing

What would have made Take on the Street better?

If Arthur Levitt had different attitude.

Any additional comments?

As a very small individual investor, immigrant from communist country, I do not want Arthur to hold my hand. I educate myself, I take risk myself, I take losses, I take gains. Please get out of the way of business, or go live in Russia.

1 person found this helpful

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  • MikeyonPC
  • 31-12-20

Really Deep look into Wall Street

While the information within this book and the actual reader himself were quite good, towards the last 3 hours I started to zone off even though I was trying quite hard not to, personally I wouldn't touch mutual funds, 401k, or bonds to save my life, it does give you a pretty good idea about these "investments" if your an average person who just wants a high paying job and everything that comes with it, read this then read Tony Robbins book "Unbreakable" that will give you a better idea of you are interested in investing into the the 401k & mutual fund. But if you're a business owner & intend to become rich Robert Kiyosaki's "Rich Dad's Guide to Investing" is too insightful

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  • bryan
  • 29-08-19

Not for me

I found the content of the book opinion based with very little facts. Didn't learn anything new.

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  • ichetuknee
  • 09-04-19

Excellent information. Must read for investors.

Excellent information. Must read for investors. Get informed about the multitude of ways you are getting burned by the financial industry. Don't get burned again.

Thanks, Arthur.

  • Overall
    2 out of 5 stars
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  • Emil
  • 25-07-09

Expected more...

I expected more from this book. It tell you about all those things you hear in the media all the time and you can do nothing about anyway (with very few exceptions).