Chances are you haven''t been making the best investing
decisions. Why? BECAUSE THAT''S HOW WALL STREET WANTS IT "With a
smirk, a lashing wit, and an appropriate irreverence, Joshua Brown
gives voice to what all investment professionals are--or should
be--secretly thinking." --MICHAEL SANTOLI, Barron''s columnist "The
pages of this book are filled with colorful exposes of misconduct
in the way Wall Street presents and sells itself and its financial
products offerings!...Run don''t walk to read Brown''s chronicles of
deception [perpetrated by] those wonderful folks on Wall Street,
who nearly bankrupted the world''s fi nancial system a few short
years ago." --DOUGLAS A. KASS, Seabreeze Partners Management, Inc.
"Everything you''ve 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 About the Book:
Wall Street is very good at one thing: convincing you to act
against your own interests. And there''s 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 Barron''s 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 treated--and how their money is sent on a one-way trip to
Wall Street''s coffers. Backstage Wall Street reveals the inner
workings of the world''s biggest money machine and explains how a
relatively small confederation of brilliant, sometimes
ill-intentioned people fuel it, operate it, and repair it when
necessary--none 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
describes: THE PEOPLE--Why retail brokers always profit--even if
you don''t THE PRODUCTS--How funds, ETFs, and other products are
invented as failsafe profit generators--for the inventors alone THE
PITCH--The marketing schemes designed for one thing and one thing
only: to separate you from your money It''s that bad ...but there''s
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. It''s about learning who and what to steer
clear of at all times. And it''s about setting the stage for a
bright financial future--your own way.
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