Secrets of The Street

published

2011-07-09

rating

4

This is a collection of true anecdotal stories from Wall Street that the author knew about. The point of the book is that pretty much all of the big winners in the stock market are the inside traders or people who are in special positions. It really portrays the stock market as a way for the rich to steal from the poor. In the long term it is possible for everyone to win since there is a definite upward trend, but I do believe that the short term is a different story. The short term is more about zero sum trading, which means that whenever someone wins, someone else loses. Naturally, it is more often that the big guys win out over the little guys in a game like this. So I am not going to abandon the stock market, but this book made me realize that it is not a good choice for your primary method of getting rich.