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Understanding Wall Street [Paperback]

Jeffrey Little
4.8 out of 5 stars  See all reviews (17 customer reviews)

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Book Description

Aug. 1 1991 Understanding Wall Street
Of all the books on Wall Street and the stock market that have appeared over the years, none has had the impact or staying power of this book. Since it was first published in 1978, Understanding Wall Street has been recognized as the leading primer on the stock market. Now this unsurpassed guide is available in a updated edition for the 1990s. Little and Rhodes examine the effects of the crash of 1987 and provide fresh material, including several all-new chapters, on junk bonds and growth stocks, program trading, gold and silver, investor resources and services, and international investment. Readers also learn how to interpret business news and how to protect themselves in a bear market.
--This text refers to an alternate Paperback edition.

Product Details

Product Description

From the Back Cover

One of History's Bestselling Investment Guides--Now Updated for a New Generation of Investors

Over the past quarter century, Understanding Wall Street has helped everyone from rookie investors to Wall Street veterans understand exactly how the market works and how to determine which stocks to buy ... and which to avoid. The fourth edition of this top-selling guide--still as easy-to-read, practical, and comprehensive as the first three--has been completely updated to help investors prosper in today's new, no-limits marketplace.

Praise for earlier editions of Understanding Wall Street:

"One of those rare publications that delivers exactly what it promises...consistently good."


"Recommended. An excellent introduction to stock market intricacies."


"Very thorough ... the Dow Jones becomes understandable, 'yield to maturity' makes plenty of sense, trendlines mean something to you, risk becomes more than a game, and puts and calls lose their mystery."

--Dallas Morning News

"A lucid guide to those downtown mysteries."


"Remarkable ... it remains as useful as ever ... Experience may be the best teacher, but this manual runs a close second."

--American Library Book Review

--This text refers to an out of print or unavailable edition of this title.

About the Author

Jeffrey B. Little has been a stock market professional for four decades, and currently writes and publishes Wall Street books and software. Formerly a senior analyst with Morgan Stanley and vice president with T. Rowe Price Associates, he also wrote The Great Index Mania.

--This text refers to an out of print or unavailable edition of this title.

Inside This Book (Learn More)
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First Sentence
Every business day millions of shares of stock are bought and sold. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index
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Customer Reviews

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Most helpful customer reviews
4.0 out of 5 stars The Basic Ideas and Definitions March 7 2004
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.
4 stars.
Jack in Toronto
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By A Customer
The first edition of Understanding Wall Street was published in 1978. Like Wall Street itself, this classic has endured the test of time. Written by two investment bankers (Jeffrey Little and Lucien Rhodes), they cover topics, ranging from "Reading the Financial Pages" (Chapter 4) to "Worldwide Investing" (Chapter 8). In general, the text is well-written and concise.
From the preface:
"The stock market is rarely taught in high school, and even on the college level, investment courses are typically selected only by students with specialized business interests. Moreover, investors have found it difficult to educate themselves, even with the flood of literature available to date. Free pamphlets and superficial guides have not provided substance, encyclopedic texts have been too intimidating, and the "get-rich-quick" books have deluded investors with false hopes of easy gains.
Understanding Wall Street provides a good practical education by combining investment fundamentals and many useful analytical techniques."
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By A Customer
This book is the perfect manual for the novice investor as in how to understand the finance world. Students would also benefit greatly specially if entering an internship. Thoughout its eleven sections, the book covers all of the basic topics that make Wall Street such an intriguing center of finance. It provides a detailed desrcription of the most simple concepts in finance. From what is a share of stock to stock options; it also breezes trhough a carefully told history of how Wall Street was born, grew, and became the international giant for which is known today. By becoming an ally of the reader, the book helps understand the theories behind investing, how to choose and analize a company so that it can meet the reader's financial needs. It also explains the various alternatives offered to novices and experts so they can see their money grow, it explains the mystery of risk, long-term and short-term financing. As well as it points out the importance of gold. Comparisons among the bull and bear markets come out, and the recent chaos would've been perfeclty understood if this book would've been part of your collection and you had little knowledge of this world. It's just an amazing book!!!!
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5.0 out of 5 stars Great for Starters and Sojourners Alike April 12 2001
By A Customer
This is a great book on how Wall Street works, both in regards to its general mechanics and trends, as well as specific investment strategies. Its a bit from the old-school days before the rise and fall of NASDAQ, but its principles are time-tested and still apply today. It has some interesting history about Wall Street with some old photographs as well. The book often explains concepts by employing charts and specific examples, which is very helpful. Overall its intimations lean less toward the speculator and more toward the slow-growth investor, but it is essentially 'non-partisan' save for overall strategies and trends. This book is a must for the beginning investor and seasoned (might I say 'weathered') investor alike. Highly recommended.
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5.0 out of 5 stars MaXimum Support for your Learning Aug. 17 2001
By Mwaa
The BEST way to understand how Wall Street Work. Descriptions and Analysis are laid out in layman's terms. Im currently as a "junior" working for wall street. Fresh from college, I needed a book that I will enjoy and learn from it by heart. The analyst of my firm recommended this book. I, too, highly recommend this book for people who are determined to make MONEY in trading. It'll help you lessen your risks and sharpen your skills in determining factor that affects the stock market. Hope I was able to help.
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4.0 out of 5 stars Great info, but it's dated Aug. 28 2003
By sseale
This book is awesome at explaining the world of investing. It covers almost all aspects of trading and Wall Street a person would need to know. With just a couple of exceptions, the examples were extremely easy to understand. The one draw back to this book is its age. Some of the info in the book is no longer applicable due to the rapidly changing global economy, and it does not cover internet trading. Given this, I still consider this a must read for anyone considering investing.
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Most recent customer reviews
5.0 out of 5 stars A ABSOLUTE MUST READ
If you have any desire to learn about the stock market this is the book for you. It starts from the very begining how wallstreet got its name and the very first markets in the... Read more
Published on Oct. 10 2002 by T. A Kelley
5.0 out of 5 stars Perfect for the beginner . . . .
This book was "required reading" when I first started in the investment business 16 years ago -- It was a fabulous introduction to Wall Street and the stock market. Read more
Published on May 10 2002 by Debbie
5.0 out of 5 stars The Best Investing Introduction There Is
By far the best introduction to investing out there. Trust me, I've read dozens of books on this topic. This is the creme of the crop. Read more
Published on Jan. 6 2002 by AAA
5.0 out of 5 stars Clear, simple, and interesting
Although this book discusses the basics of Wall St, I still highly recommend it. It's so clear and easy to read. Read more
Published on Aug. 29 2001
5.0 out of 5 stars An Excellent Beginning Book on Investing
I have used this book for nearly 20 years in teaching adults the basics of investing. Regretfully, it desparetly needs to be revised as some information in the book has become... Read more
Published on Nov. 10 2000
5.0 out of 5 stars good primer
This is a good little primer for those wanting to know simple things like what a bond is, what a stock is, what a P/E ratio is, what determines bond yields and stock prices,... Read more
Published on April 6 2000 by ltp1
4.0 out of 5 stars Informative
To someone who knows nothing about wall street, this is an excellent introduction. My only complaint is that there's too much information to absorb in one reading.
Published on Sept. 17 1999
5.0 out of 5 stars From a brokers perspective
Understanding Wall Street is one of the best books I have read. When it comes to learning how the markets were formed and how they operate on a day to day basis this book is one... Read more
Published on March 21 1999 by billroul@worldnet.att.net
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