How the Stock Market Works (New York Institute of Finance) [Paperback]

John M. Dalton (Author)

Book Description

Series: New York Institute of Finance | Publication Date: October 25, 1993

Updated and revised, this text provides a Baedeker's guide to the workings of the securities industry. From the types of stocks offered to the major theories of market analysis, this work aims to be an easy-to-follow introduction to Wall Street. Coverage includes: how to read the financial press, closed-end and open-end funds, types of stocks and stock-like investments, stock options, and how to understand a corporate balance sheet, how dividends and capital gains are taxed.

Editorial Reviews

From Library Journal

Dalton, a practicing attorney and former assistant director of the Floor Rules department at the American Stock Exchange, has written an updated edition of his comprehensive examination of how stock markets function. The topics include what the markets offer, reading the financial press, the initial public offering, specialists, brokerage firms, theories, and operations in various offices. Recent developments over the long bull market are also examined, including the many changes that have taken place in the NASDAQ, the mutual fund market, the globalization of the markets, and volatility. Readers get a lot of food for thought as they consider their myriad alternatives as investors. A long, detailed, but excellent glossary defining some 600 financial terms makes this an attractive reference tool. Novice and experienced investors may find many of their theory concerns addressed here, and Dalton's clear prose is a plus. For all libraries, including school libraries and those that own the second edition. Steven J. Mayover, formerly with The Free Lib. of Philadelphia
Copyright 2001 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

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"Dr. Cohen’s system is replete with effective tips that may surprise even the most experienced of job hunters." -- The Chicago --This text refers to an out of print or unavailable edition of this title.

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Product Details

• Paperback: 352 pages
• Publisher: New York Institute of Finance; 2 Sub edition (October 25, 1993)
• Language: English
• ISBN-10: 0130978663
• ISBN-13: 978-0130978660
• Product Dimensions: 8.9 x 5.9 x 0.9 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 3.2 out of 5 stars  See all reviews (11 customer reviews)
• Amazon Best Sellers Rank: #571,191 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

28 of 29 people found the following review helpful:

3.0 out of 5 stars Good introduction to the mechanics of the market, May 8, 2000

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hyperbolium (Earth, USA) - See all my reviews
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This review is from: How the Stock Market Works (New York Institute of Finance) (Paperback)

Rather than providing any sort of investment advice, this book explains the actual workings of the stock market. How a trade flows from a customer, through a broker, to the floor, and on to the various settlement engines. It's good background for anyone who invests in the market, and especially useful to anyone who works in (or with) the financial IT industry.

As other reviewers have noted, the poor copy-editing is embarassing. But even with all the typos, the information presented is very useful.

14 of 14 people found the following review helpful:

2.0 out of 5 stars Fluffy, unproofread, 30% glossary., December 12, 1998

By A Customer

This review is from: How the Stock Market Works (New York Institute of Finance) (Paperback)

Did someone forget to proofread this? Are all of NYIF's books this shoddy?

Better would be:

The Motley Fool Investment Guide

A Random Walk Down Wall Street

Beating the Dow

Learn to Earn

16 of 17 people found the following review helpful:

4.0 out of 5 stars Good general overview for beginners, August 23, 1999

By A Customer

This review is from: How the Stock Market Works (New York Institute of Finance) (Paperback)

As a beginner, I found the book to give a good overview of the stock market functionning. It is quite thorough and explains all the fundamental mechanisms. I would also recommend 'What you need to know before you invest' from Rod Davis