Understanding Wall Street, Fourth Edition

Reader Reviews
This book is like a "Dummies Guide" to Wall Street. It covers all the basic concepts and theories at a low level or introductory level. The book is one of the best books available on Wall Street investing for the general reader. But the book is more technical like a dictionary or text book. It does not tell you what to do to invest. If you are a general investor do not rush out and buy stocks - unless it is mad money for fun based on the book. You need to read more books. Here are some more books to read on the actual investing and market trends. As a general investor I like three books. They are "Common Sense on Mutual Funds" by John C Bogle the founder of the Vanguard Group, and "Irrational Exuberance" by professor Robert J. Shiller. If you can read these books you will have the basic information needed to become a successful and diversified investor, Also I like "Random Walk down Wall Street" by Burton G. Malkiel. If you follow these three books, for the most part you will yield superior investing results. If you follow these books you will understand the markets, the trends, the volatility, the rewards and required patience - and you will not need a pesky and expensive stock broker/financial advisor.