Her, a veteran insider reveals how Wall Street really works. Sure to be a revelation to even the savviest financial professional, 'Backstage Wall Street' is an honest look at the investment business from a veteran who's seen it all. Chances are you haven't been making the best investing decisions. Why? BECAUSE THAT'S HOW WALL STREET WANTS IT "[T]he always irreverent author of the Reformed Broker blog has written an excellent narrative that shares all of your broker's dirty little secrets. Much like Michael Lewis' Liar's Poker captured the essence of 1980s institutional Wall Street, Brown's Backstage Wall Street recreates the boiler room retail brokerage culture of the 1990s and early 2000s in vivid color." -FORBES "With a smirk, a lashing wit, and an appropriate irreverence, Joshua Brown gives voice to what all investment professionals are-or should be-secretly thinking." -MICHAEL SANTOLI, Barron's columnist "The pages of this book are filled with colorful exposes of misconduct in the way Wall Street presents and sells itself (and its financial products offerings!). . . . Run don't walk to read Brown's chronicles of deception [perpetrated by] those wonderful folks on Wall Street, who nearly bankrupted the world's fi nancial system a few short years ago." -DOUGLAS A. KASS, Seabreeze Partners Management, Inc. "Everything you've ever read about Wall Street is a total lie. Everyone is lying to you every day. Until you read this book." -JAMES ALTUCHER, Formula Capital and author of I Was Blind but Now I See "Joshua wants Wall Street to be awesome. You can feel it every day on his amazing blog and in this great book. He is happy to shout when Wall Street drives him crazy. I guarantee you will enjoy this book that describes the action behind the business of Wall Street and his own experiences along the way." -HOWARD LINDZON, Lindzon Capital and founder of StockTwits "Joshua Brown may be the funniest writer on finance today, but Backstage Wall Street could make you cry more than laugh. The buffoons, manipulators, and incompetents Brown parades before us are the stewards of our retirement accounts....What's important is that investors understand the choices before them. Backstage Wall Street goes a long way to taking us backstage, while making us laugh in the process." - BARRON'S About the Book: Wall Street is very good at one thing: convincing you to act against your own interests. And there's no one out there better equipped with the knowledge and moxie to explain how it all works than Josh Brown. A man The New York Times referred to as "the Merchant of Snark" and Barron's called "pot-stirring and provocative," Brown worked for 10 years in the industry, a time during which he learned some hard truths about how clients are routinely treated-and how their money is sent on a one-way trip to Wall Street's coffers. Backstage Wall Street reveals the inner workings of the world's biggest money machine and explains how a relatively small confederation of brilliant, sometimes ill-intentioned people fuel it, operate it, and repair it when necessary-none of which is for the good of the average investor. Offering a look that only a long-term insider could provide (and that only a "reformed" insider would want to provide), Brown describes: THE PEOPLE -Why retail brokers always profit-even if you don't THE PRODUCTS -How funds, ETFs, and other products are invented as failsafe profit generators-for the inventors alone THE PITCH -The marketing schemes designed for one thing and one thing only: to separate you from your money It's that bad . . . but there's a light at the end of the tunnel. Brown gives you the knowledge you need to make the right decisions at the right time. Backstage Wall Street is about seeing reality for what it is and adjusting your actions accordingly. It's about learning who and what to steer clear of at all times. And it's about setting the stage for a bright financial future-your own way. Chances are you haven't been making the best investing decisions. Why? BECAUSE THAT'S HOW WALL STREET WANTS IT "[T]he always irreverent author of the Reformed Broker blog has written an excellent narrative that shares all of your broker's dirty little secrets. Much like Michael Lewis' Liar's Poker captured the essence of 1980s institutional Wall Street, Brown's Backstage Wall Street recreates the boiler room retail brokerage culture of the 1990s and early 2000s in vivid color." -FORBES "With a smirk, a lashing wit, and an appropriate irreverence, Joshua Brown gives voice to what all investment professionals are-or should be-secretly thinking." -MICHAEL SANTOLI, Barron's columnist "The pages of this book are filled with colorful exposes of misconduct in the way Wall Street presents and sells itself (and its financial products offerings!). . . . Run don't walk to read Brown's chronicles of deception [perpetrated by] those wonderful folks on Wall Street, who nearly bankrupted the world's fi nancial system a few short years ago." -DOUGLAS A. KASS, Seabreeze Partners Management, Inc. "Everything you've ever read about Wall Street is a total lie. Everyone is lying to you every day. Until you read this book." -JAMES ALTUCHER, Formula Capital and author of I Was Blind but Now I See "Joshua wants Wall Street to be awesome. You can feel it every day on his amazing blog and in this great book. He is happy to shout when Wall Street drives him crazy. I guarantee you will enjoy this book that describes the action behind the business of Wall Street and his own experiences along the way." -HOWARD LINDZON, Lindzon Capital and founder of StockTwits "Joshua Brown may be the funniest writer on finance today, but Backstage Wall Street could make you cry more than laugh. The buffoons, manipulators, and incompetents Brown parades before us are the stewards of our retirement accounts....What's important is that investors understand the choices before them. Backstage Wall Street goes a long way to taking us backstage, while making us laugh in the process." - BARRON'S About the Book: Wall Street is very good at one thing: convincing you to act against your own interests. And there's no one out there better equipped with the knowledge and moxie to explain how it all works than Josh Brown. A man The New York Times referred to as "the Merchant of Snark" and Barron's called "pot-stirring and provocative," Brown worked for 10 years in the industry, a time during which he learned some hard truths about how clients are routinely treated-and how their money is sent on a one-way trip to Wall Street's coffers. Backstage Wall Street reveals the inner workings of the world's biggest money machine and explains how a relatively small confederation of brilliant, sometimes ill-intentioned people fuel it, operate it, and repair it when necessary-none of which is for the good of the average investor. Offering a look that only a long-term insider could provide (and that only a "reformed" insider would want to provide), Brown describes: THE PEOPLE -Why retail brokers always profit-even if you don't THE PRODUCTS -How funds, ETFs, and other products are invented as failsafe profit generators-for the inventors alone THE PITCH -The marketing schemes designed for one thing and one thing only: to separate you from your money It's that bad . . . but there's a light at the end of the tunnel. Brown gives you the knowledge you need to make the right decisions at the right time. Backstage Wall Street is about seeing reality for what it is and adjusting your actions accordingly. It's about learning who and what to steer clear of at all times. And it's about setting the stage for a bright financial future-your own way

lgli/Z:\Bibliotik_\15\2\2012 Joshua Brown - Backstage Wall Street - An Insider_2527s Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments_Rxl.pdf

lgrsnf/Z:\Bibliotik_\15\2\2012 Joshua Brown - Backstage Wall Street - An Insider_2527s Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments_Rxl.pdf

nexusstc/Backstage Wall Street: an insider's guide to knowing who to trust, who to run from, and how to maximize your investments/64942d6a65a68e8cf9dd534ae9998680.pdf

zlib/Business & Economics/Brown, Joshua Morgan/Backstage Wall Street: an insider's guide to knowing who to trust, who to run from, and how to maximize your investments_5890827.pdf

Backstage Wall Street (PB)

Joshua M. Brown

by Joshua Brown

McGraw-Hill School Education Group

Irwin Professional Publishing

McGraw Hill LLC

Oracle Press

United States, United States of America

New York, New York State, 2012

New York, c2012

1, US, 2012

lg2595825

producers:
Acrobat Distiller 7.0 (Windows)

{"isbns":["007178232X","0071782338","9780071782326","9780071782333"],"publisher":"McGraw-Hill"}

Includes index.

Contents 4
Foreword 6
Broker-to-English Dictionary 8
Introduction: Who Am I? 14
Part 1—The People 22
1. Other People’s Money 24
2. In the Beginning . . . 34
3. Brokerage Oceanography 42
4. Of Brokers and Advisors 52
5. Blue-Collar Wall Street 62
6. Mamas Don’t Let Your Babies Grow Up to Be Brokers 72
7. How I Learned to Close Anyone 80
Part 2—The Product 88
8. Brokerage Goes Digital 90
9. Unity Creates Strength 98
10. Wholesalers and the Brokers Who Love Them 106
11. The Feeling Is Mutual 116
12. Your Fellow Fund Shareholders 126
13. The Greatest Financial Innovation in 70 Years 134
14. A Pill for Every Ill 142
Part 3—The Pitch 150
15. The Image 152
16. Tales from the Sell-Side 156
17. Ranking for Banking 166
18. The Global Settlement 176
19. Storytime 184
20. The Straight Line 194
Part 4—The Promise 228
21. Staying Out of the Murder Holes 230
22. Today and Tomorrow 244
23. Breakaway 254
Acknowledgments 262
Index 264
A 264
B 264
C 265
D 266
E 266
F 266
G 267
H 267
I 267
J 267
K 268
L 268
M 268
N 269
O 269
P 269
Q 269
R 269
S 270
T 271
U 271
V 271
W 271
Y 271
Z 271

Provides an insider's look at Wall Street and the investment business, and offers advice on how to avoid the marketing schemes and make smart investment decisions. Deals with the inner workings of world's biggest money machine and explains how a relatively small confederation of brilliant, sometimes ill-intentioned people fuel it, operate it, and repair it when necessary - none of which is for good of the average investor. This title chronicles the evolution or more appropriately, the devolution of the financial services industry over the past few decades as well as Brown's own journey from the brokerage world to his current gig as a reformed broker and investment advisor for Fusion Analytics

2020-07-26