Chances are you havenâ€™t been making the best investing decisions. Why? BECAUSE THATâ€™S HOW WALL STREET WANTS IT â€ś[T]he always irreverent author of the Reformed Broker blog has written an excellent narrative that shares all of your brokerâ€™s dirty little secrets. Much like Michael Lewisâ€™ Liarâ€™s Poker captured the essence of 1980s institutional Wall Street, Brownâ€™s Backstage Wall Street recreates the boiler room retail brokerage culture of the 1990s and early 2000s in vivid color.â€ťâ€”FORBES â€śWith a smirk, a lashing wit, and an appropriate irreverence, Joshua Brown gives voice to what all investment professionals areâ€”or should beâ€”secretly thinking.â€ťâ€”MICHAEL SANTOLI, Barronâ€™s columnist â€śThe pages of this book are filled with colorful exposĂ©s of misconduct in the way Wall Street presents and sells itself (and its financial products offerings!). . . . Run donâ€™t walk to read Brownâ€™s chronicles of deception [perpetrated by] those wonderful folks on Wall Street, who nearly bankrupted the worldâ€™s fi nancial system a few short years ago.â€ťâ€”DOUGLAS A. KASS, Seabreeze Partners Management, Inc. â€śEverything youâ€™ve ever read about Wall Street is a total lie. Everyone is lying to you every day. Until you read this book.â€ťâ€”JAMES ALTUCHER, Formula Capital and author of I Was Blind but Now I See â€śJoshua 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.â€ťâ€”HOWARD LINDZON, Lindzon Capital and founder of StockTwits "Joshua Brown may be the funniest writer on finance today, but Backstage Wall Street could make you cry more than laugh. The buffoons, manipulators, and incompetents Brown parades before us are the stewards of our retirement accounts....What's important is that investors understand the choices before them. Backstage Wall Street goes a long way to taking us backstage, while making us laugh in the process."â€”BARRON'S About the Book: Wall Street is very good at one thing: convincing you to act against your own interests. And thereâ€™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 â€śthe Merchant of Snarkâ€ť and Barronâ€™s called â€śpot-stirring and provocative,â€ť Brown worked for 10 years in the industry, a time during which he learned some hard truths about how clients are routinely treatedâ€”and how their money is sent on a one-way trip to Wall Streetâ€™s coffers. Backstage Wall Street reveals the inner workings of the worldâ€™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 necessaryâ€”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 â€śreformedâ€ť insider would want to provide), Brown describes: THE PEOPLEâ€”Why retail brokers always profitâ€”even if you donâ€™t THE PRODUCTSâ€”How funds, ETFs, and other products are invented as failsafe profit generatorsâ€”for the inventors alone THE PITCHâ€”The marketing schemes designed for one thing and one thing only: to separate you from your money Itâ€™s that bad . . . but thereâ€™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. Itâ€™s about learning who and what to steer clear of at all times. And itâ€™s about setting the stage for a bright financial futureâ€”your own way.
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