About the book
After eight years as chairman of the Securities and Exchange Commission under President Clinton, Arthur Levitt writes for small investors who want to protect themselves from the deliberately confusing habits of Wall Street. He draws on his experience both inside the securities business and as its chief regulator. Levitt warns that stockbrokers are salespeople first, that corporate financial statements often hide the truth, and that mutual fund managers should be judged by whose interests they really serve. The book arrived when trust in Wall Street and corporate America had sunk to a historic low, and it sets out to arm ordinary savers to guard and grow their money.
Warren Buffett was reported to have cited it in his 2002 shareholder letter as the place to read the details of the Arthur Andersen accounting collapse.
We hope you love the books people recommend! Just so you know, The CEO Library may collect a share of sales or other compensation from the links on this page.
This book has 1 recommendation
Warren Buffett (CEO/Berkshire Hathaway)
In Buffett's 2002 shareholder letter, he explains "how accounting standards and audit quality have eroded in recent years." Specifically, he cites the downfall of Arthur Andersen accounting. "The details of this sordid affair are related in Levitt's excellent book, Take on the Street," Buffett writes.
Get this book on Amazon | Barnes & Noble | Apple Books