Description
It has been said that a book that reveals the way Wall Street insiders really work could never be written. That's because the people who can tell the real stories have little to gain and everything to lose by going public.
But now, Gene Marcial, the ultimate Wall Street insider and noted Business Week columnist, has finally written the tell-all book that takes a hard look at the realities of business-as-usual on Wall Street. In his fast-paced, compelling style, Marcial drives home the point that the people who are making millions on the Street are almost always betting on "sure things."
Marcial's point of view is a sobering one coming from this veteran of over two decades of behind-the-scenes Wall Street reporting. The entire financial system- the very heart of the capitalistic economy-breeds greed, corruption, and irresistible temptation, argues Marcial. The few that are able to resist the lures of the Street are the minority, not the majority.
In Secrets of the Street, Marcial takes you behind the scenes with never- before-told stories of how money is really made on Wall Street. He introduces you to: the investment adviser, also known as the Bagman on the Street, who does whatever it takes to get you to buy his stock; the portfolio manager, whose best friend is a close acquaintance of the former Shah of Iran, and not shy about sharing state secrets on an arms-for-oil deal that led to millions in profits for both of them; and the trader, for whom romance is just another tactic to get the inside scoop on a major joint venture soon to be announced. The names may have been changed to protect the insiders-but the stories are all true.
ISBN:9780070402553
