Understanding Wall Street
Author: Jeffrey B. Little, Lucien Rhodes
List Price: $9.70
Our Price: Click to see the latest and low price
ISBN: 0830631208
Publisher: Liberty Hall Pr (August, 1991)
Sales Rank: 2,464,898
Average Customer Rating: 4.76 out of 5
Customer Reviews
Rating: 5 out of 5
Great for Starters and Sojourners Alike
This is a great book on how Wall Street works, both in regards to its general mechanics and trends, as well as specific investment strategies. Its a bit from the old-school days before the rise and fall of NASDAQ, but its principles are time-tested and still apply today. It has some interesting history about Wall Street with some old photographs as well. The book often explains concepts by employing charts and specific examples, which is very helpful. Overall its intimations lean less toward the speculator and more toward the slow-growth investor, but it is essentially 'non-partisan' save for overall strategies and trends. This book is a must for the beginning investor and seasoned (might I say 'weathered') investor alike. Highly recommended.
Rating: 4 out of 5
Great info, but it's dated
This book is awesome at explaining the world of investing. It covers almost all aspects of trading and Wall Street a person would need to know. With just a couple of exceptions, the examples were extremely easy to understand. The one draw back to this book is its age. Some of the info in the book is no longer applicable due to the rapidly changing global economy, and it does not cover internet trading. Given this, I still consider this a must read for anyone considering investing.
Rating: 4 out of 5
The Basic Ideas and Definitions
This book is like a "Dummies Guide" to Wall Street. It covers all the basic concepts and theories at a low level or introductory level. The book is one of the best books available on Wall Street investing for the general reader. But the book is more technical like a dictionary or text book. It does not tell you what to do to invest. If you are a general investor do not rush out and buy stocks - unless it is mad money for fun based on the book. You need to read more books. Here are some more books to read on the actual investing and market trends.
As a general investor I like three books. They are "Common Sense on Mutual Funds" by John C Bogle the founder of the Vanguard Group, and "Irrational Exuberance" by professor Robert J. Shiller. If you can read these books you will have the basic information needed to become a successful and diversified investor, Also I like "Random Walk down Wall Street" by Burton G. Malkiel. If you follow these three books, for the most part you will yield superior investing results. If you follow these books you will understand the markets, the trends, the volatility, the rewards and required patience - and you will not need a pesky and expensive stock broker/financial advisor.
4 stars.
Jack in Toronto
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