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.

如今，投资者正被谎言和扭曲所喂养，被剥削和忽视。在过去10年，数百万家庭蜂拥投资，华尔街对短期业绩痴迷之后，企业管理层、金融分析师、经纪人和基金经理之间形成了一种博弈文化，很难区分金融幻想和现实，来自诚实建议的推销技巧。在《街上走》（Take on the Street）一书中，美国证券交易委员会（Securities and Exchange Commission）前主席阿瑟•莱维特（Arthur Levitt）展示了如何将事情掌握在自己手中。立即轶事（名字命名），信息丰富，并规定，采取在街上阐述，除其他科目：之间的关系经纪人赔偿和你的交易帐户；分析师买入、持有或卖出建议中固有的利益冲突；当你下订单时，到底发生了什么，谁得到了一部分行动；共同基金的“七宗罪”；401（k）投资的变幻莫测与变迁；会计师如何耍花招来伪造公司业绩；如何发现公司财务报表的真实性；华尔街反对全面披露的真正原因；公司治理危机，以及鉴于这些恶作剧和双重交易，您可以采取哪些具体措施来保护您的金融未来。凭借诚信和权威，Levitt为我们提供了一本关于监管我们资本市场的体系崩溃的振奋人心的入门书，sage，关于一项纪律的基本建议，我们常常忽视如何不赔钱，这会使我们的风险加大。