Retail First---SEC Chairman Teaches How to Avoid Risks and Counter Stock Market Scams

Author: Levitt
Publisher:
Publish Date: 2005-03-01
Features: Levitt's Conscience Advice: Analyst recommendations are absolutely not the deciding factor for your stock trades. That's right, you should read analysts' research reports—they are your starting point for stock research—but they are just one source of information. Don't blindly trust big fund managers; fund companies may create funds using the name of a well-known fund manager as a selling point, but most managers will return to normal within one to two years. Investors should remember that friendly companies are often companies that care about their shareholders. Open and honest companies respect investors and also place a high value on enhancing shareholder returns. What can change the behavior of company executives, accountants, and the board of directors is the investor's expectations. If there is anything wrong with a company's financial report, you should immediately sell and dump the stock, forcing the company to make changes. The father of value investing, Warren Buffett, recommends this book! Co-recommended by The New York Times, The Financial Times, and The Wall Street Journal! After 8 years of playing cat and mouse with the Wall Street giants, Arthur Levitt, the longest-serving U.S. Securities and Exchange Commission chairman in history, exposed the pervasive traps of this glittering and intoxicating with a groundbreaking book, "One Up On Wall Street." Through his personal experiences and insights, the author tells investors how to take everything into their own hands: How should investors correctly interpret company financial reports? What traps are hidden in analysts' recommendations? What impact do employee stock dividends have on shareholders? How do accountants help companies cook the books? What is the relationship between corporate governance and poor corporate culture? In this book, Levitt writes about everything investors must understand. Rich examples and vivid descriptions make this book a bestseller upon its release. It will also become a treasure trove for Chinese readers to unlock investment wisdom and a defensive tool for investment risk avoidance!