Unlocking the Secrets of Wall Street: A Noted Expert Guides You Through Today's Financial Markets

Rating:
Summary: D'Javoodoo
Review: As a student of Dr. Parks at Pace University, Lubin School of Business, this book has changed the way I view and analyze various financial topics. This books covers many current,complex,controversial and critical issues and examines the reasons and theories behind them as well as disproving many commonly held beliefs. Topics include: 1.The Gold Standard. 2. Passing an Amendment to have a balanced budget every year. (Why we don't need it!) 3. The fallacy with regards to the "Double Tax" on Corporate Shareholders and the "Double Tax Shield". 4. Reasons behind our nine post WWII recessions. 5. Linking Monetary policy with Fiscal Policy and its importance. 6.Discussing Supply side economics. 7. Explaining the MM Dividend Irrelevancy Theorm,(Why investing in a company that pays dividends or re-invests earnings will eventually result in equal gains.) 8.In-depth examination of our (US) economic history and the reasons why we've had booms and busts. etc.. This book covers a wide array of financial topics and explains difficult concepts in an easy to understand manner. Dr. Parks also examines the "herd" mentality on Wall Street and exposes the "parrots" and "hucksters" that work on the street. Essential reading for students of finance and anybody interested in broadening their financial knowledge.

Rating:
Summary: Great book for the novice and seasoned student of finance!
Review: As a student of Dr. Parks at Pace University, Lubin School of Business, this book has changed the way I view and analyze various financial topics. This books covers many current,complex,controversial and critical issues and examines the reasons and theories behind them as well as disproving many commonly held beliefs. Topics include: 1.The Gold Standard. 2. Passing an Amendment to have a balanced budget every year. (Why we don't need it!) 3. The fallacy with regards to the "Double Tax" on Corporate Shareholders and the "Double Tax Shield". 4. Reasons behind our nine post WWII recessions. 5. Linking Monetary policy with Fiscal Policy and its importance. 6.Discussing Supply side economics. 7. Explaining the MM Dividend Irrelevancy Theorm,(Why investing in a company that pays dividends or re-invests earnings will eventually result in equal gains.) 8.In-depth examination of our (US) economic history and the reasons why we've had booms and busts. etc.. This book covers a wide array of financial topics and explains difficult concepts in an easy to understand manner. Dr. Parks also examines the "herd" mentality on Wall Street and exposes the "parrots" and "hucksters" that work on the street. Essential reading for students of finance and anybody interested in broadening their financial knowledge.

Rating:
Summary: Second edition of an entertaining and informative book
Review: If you already own Witch Doctor on Wall Street, don't waste your time with this new one. It is an exact copy of "The Witch Doctor On Wall Street". Not a refrasing, mind you, but an exact duplicate. What a fraud. The only thing different are some updated graphs; a few extra footnotes; a short prologue, which is just a summary of the chapters; and the Epilogue. This constitutes about 20 pages of new material. Prometheus Books and Dr. Parks should be ashamed to call this a new book.

Rating:
Summary: Second edition of an entertaining and informative book
Review: This book appeared first in 1996 under the title "Witch Doctor of Wall Street" and it turns out to be exactly the same book with an "epilogue" added yet neither the book nor the advertising suggest this. The book forms the basis of Professor Parks' course in Capital Markets and Investment at Pace University. The tone of the book is critical and curmudgeonly yet some interesting points are made and it makes a useful accompaniment to the standard finance text book (Sharpe, Brealy & Meyers, etc.). The first edition was full of misprints and errors which, I hope, have been corrected in this second edition.

Rating:
Summary: D'Javoodoo
Review: This is an exact reprint of his earlier book, do not waste your time or money. (...). There are many other books more worthwile of your time and money than this one.