The Faber Report: How Wall Street Really Works-And How You Can Make It Work For You

by David Faber, Ken Kurson

These days, when CNBC's David Faber talks, Wall Street listens. Unlike the talking heads that populate the financial news channels, Faber is a down-and-dirty investigative reporter. For six years, on CNBC's popular Squawk Box and in his own segments, Faber has broken story after story. Each day over one million people tune in to hear his daily report. Those who know the score know that Faber is the one to listen to -- especially now that the market isn't doing as well as it used to.

Now Faber has written the smartest, most innovative investment book to be published in years. Like Harvard Business School's famous case study method, each chapter is built around a story -- the story of how a stock was presented to the public. Then Faber extracts clear, easy-to-follow lessons and instructions on how readers can learn the stocks real story, just as he does everyday on CNBC. Readers learn not just how to pick the stocks they want to invest in, but how to avoid joining the "penguins" lining up for big losses. The Faber Report combines practical, down to earth investment advice with wild accounts of investor fraud, company misdeeds, and famous investors and banks that have led investors astray. A quantum leap beyond the usual investment books, The Faber Report is essential reading for anyone who wants to profit-bulls or bears.

320 pages, Paperback

First published January 1, 2002

Reviews

[Bo · Rating 4 out of 5]

This book provides valuable insights into the perspectives and motivations of key players in the corporate world, including auditors, analysts, companies, and their CEOs. One of the most compelling aspects is its revealing of the roles and interests of equity research analysts. Understanding these dynamics is crucial for anyone planning to benefit from their research reports, making this book an essential read for investors.

[James · Rating 4 out of 5]

The description posted for this book says it: "is a scathing critique of the greed that permeates all levels of Wall Street,"

I don't agree.
Everyone who invests in stocks has some greed in them and that is what makes us invest in stocks AND makes us vulnerable to the crooks on Wall street.

This book details some of the recent scams and the reader then has the knowledge that can help him avoid future imitations.

Faber supplies the facts, a ghost writer puts them in an entertaing form and the result is a book that is both fun to read and helpful.

People who are greedy and not cynical especially need to be aware of the many legal and not legal ways of being ripped off.

Unlike other books on investing, this one puts more emphasis on avoiding losses , than on tips for picking stocks.
Any one who has been in the stock market knows it's a lot easier and quicker to lose money than to make it.
So avoiding losses really is the #1 priority.

I started buying stocks when I was 15, I've looked through a lot of "investing" books, but I found all the others to be unhelpful, uninteresting to read, and wondered if the author really knew what he was talking about.

Previously I thought the only book worth reading for the wanta be investor was EXTRAORDINARY POPULAR DELUSIONS AND THE MADNESS OF CROWDS.

Now there are two books.