Backstage Wall Street: An Insider’s Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments

by Brown, Joshua

• ISBN13: 9780071782326
• ISBN10: 007178232X
• Edition: 1st
• Format: Hardcover
• Copyright: 2012-03-27
• Publisher: McGraw Hill

Summary

A veteran insider reveals how Wall Street reallyworks (and it's not pretty) Chances are you haven't been making the best possible investing decisions. Why? Because the Wall Street machine wants it that way. Sure to be a revelation to even the savviest financial professional, Backstage Wall Streetis a brutally honest look at the investment business from a veteran who's seen it all. "Reformed" Wall Street insider, Joshua Brown offers clear and proven advice on how to navigate snares set by the lords of Wall Street, including: Why you should run from sell-side analysts and brokers How mutual fund firms use Madison Avenue-style marketing tactics What "differential compensation" means to those in the know Joshua Brownis the vice president of investments at Fusion Analytics Investment Partners. He created TheReformedBroker.com, which was listed by The Wall Street Journalas one of the top ten must-read financial blogs.

Table of Contents

Foreword
Broker-to-English Dictionary
Introduction: Who Am I?
Part 1—The People
1. Other People’s Money
2. In the Beginning
3. Brokerage Oceanography
4. Of Brokers and Advisors
5. Blue-Collar Wall Street
6. Mamas Don’t Let Your Babies Grow Up to Be Brokers
7. How I Learned to Close Anyone
Part 2—The Product
8. Brokerage Goes Digital
9. Unity Creates Strength
10. Wholesalers and the Brokers Who Love Them
11. The Feeling Is Mutual
12. Your Fellow Fund Shareholders
13. The Greatest Financial Innovation in 70 Years
14. A Pill for Every Ill
Part 3—The Pitch
15. The Image
16. Tales from the Sell-Side
17. Ranking for Banking
18. The Global Settlement
19. Storytime
20. The Straight Line
Part 4—The Promise
21. Staying Out of the Murder Holes
22. Today and Tomorrow
23. Breakaway
Acknowledgments
Index
Footnote
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