num_pages: 256
description: Chances are you havent been making the best investing decisions.Why?BECAUSE THATS 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 brokers dirty little secrets. Much like Michael Lewis Liars Poker captured the essence of 1980s institutional Wall Street Browns 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 areor should besecretly thinking.MICHAEL SANTOLI Barrons columnist The pages of this book are filled with colorful exposs of misconduct in the way Wall Street presents and sells itself (and its financial products offerings!). . . . Run dont walk to read Browns chronicles of deception [perpetrated by] those wonderful folks on Wall Street who nearly bankrupted the worlds fi nancial system a few short years ago.DOUGLAS A. KASS Seabreeze Partners Management Inc. Everything youve 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 Wall Street is very good at one convincing you to act against your own interests. And theres 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 Barrons 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 treatedand how their money is sent on a one-way trip to Wall Streets coffers. Backstage Wall Street reveals the inner workings of the worlds biggest money machine and explains how a relatively small confederation of brilliant sometimes ill-intentioned people fuel it operate it and repair it when necessarynone 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 THE PEOPLE Why retail brokers always profiteven if you dontTHE PRODUCTS How funds ETFs and other products are invented as failsafe profit generatorsfor the inventors aloneTHE PITCH The marketing schemes designed for one thing and one thing to separate you from your money Its that bad . . . but theres 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. Its about learning who and what to steer clear of at all times. And its about setting the stage for a bright financial futureyour own way.
language: English
title: Backstage Wall Street: An Insider’s Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments
publisher: McGraw Hill