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Traders' Tales: A Chronicle of Wall Street Myths, Legends, and Outright Lies 1st Edition

2.2 out of 5 stars 9 customer reviews
ISBN-13: 978-0471237884
ISBN-10: 0471237884
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Editorial Reviews

Amazon.com Review

Outsiders have long suspected that Wall Street is nothing more than a real-life Disneyland, where dreams are made and hopes are dashed with the speed of light and the randomness of lightning. By chronicling the rarely publicized, behind-the-scenes reality of some of its most incredible incidents and personalities, CNBC senior anchor Ron Insana brings this perception to life in Traders' Tales: A Chronicle of Wall Street Myths, Legends and Outright Lies. Read this collection of stories about the men and women who have won big and lost bigger, and never think about traders and their lives in the same way again. --This text refers to the Hardcover edition.

From the Publisher

This book is a rich collection of delicious Wall Street stories that will capture the imagination of everyone from Wall Street to Main Street. It is as much about the character of Wall Street as it is about the characters on Wall Street. Trader's Tales is where Liar's Poker meets Aesop's Fables. It's a once-in-a-lifetime collection of stories, secrets, myths and insider jokes--as told to Insana by the legends themselves. You'll discover the secrets of soothsayers like Arch Crawford and female Wall Street pioneers such as Muriel Siebert. Find out how a cockroach almost made a trading floor clerk $2,500 and enjoy dozens more truly memorable tales of the wheelers and dealers who enliven the cavernous confines of the world's most famous street. --This text refers to the Hardcover edition.
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Product Details

  • Paperback: 224 pages
  • Publisher: Wiley; 1 edition (August 18, 1997)
  • Language: English
  • ISBN-10: 0471237884
  • ISBN-13: 978-0471237884
  • Product Dimensions: 5.1 x 0.6 x 8 inches
  • Shipping Weight: 9.6 ounces (View shipping rates and policies)
  • Average Customer Review: 2.2 out of 5 stars  See all reviews (9 customer reviews)
  • Amazon Best Sellers Rank: #1,627,298 in Books (See Top 100 in Books)

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Customer Reviews

Top Customer Reviews

Format: Paperback
I can't understand why this book gets so many bad reviews. This book is not a book of interviews, a book on fundamental or technical analysis, a book about Warren Buffet or Peter Lynch's investing styles, or a book about timing the market. This is a storybook, plain and simple. And it is a good one at that. Because I'm very interested in the market I purchased this book expecting exactly what I got. Tongue-in-cheek stories from the trading floor. And despite what other reviewers say, there is plenty to be learned from this work. The section about Donald Trump getting sued was great. The Donald got exactly, just exactly, what he deserved. I recommend this book to anyone who wants to learn about the market from a personal and less technical perspective. I was tempted to forgo purchasing this book altogether after reading it's miserable reviews. But because I consider myself a contrarian investor, I thought what the hey and bought the book. And I'm glad I did.
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Format: Hardcover
Ron Insana is a fine CNBC commentator who has been instrumental in turning what had long been characterized as dry news for a select few into witty and insightful stock market reporting with mass market appeal. His first book, "Traders' Tales" tries to wow the reader with a bunch of gee-whiz stories, but there's just not much to impress in the way of secrets, outrage, shock value . . . whatever.
After being involved with the stock market for twenty years (the last fifteen as a professional), and thus being familiar with many names of those involved in the stories recounted by Mr. Insana, I still didn't find any story "tantalizing" or "shocking." Heck, anyone who's ever played on a sports team or in a rock 'n' roll band during high school could probably come up with ten crazier stories for every one in this book. Instead, I thought the more interesting reading was in the chapters that gave historical perspective to the careers of Muriel Siebert, Ron Baron, Peter Lynch, and Jimmy Rogers, among others. Everything else was pretty dull.
There's a tad too much explaining about market movement, stock/option price fluctuation, trading floor characteristics (did you know that tons of money can be made or lost very rapidly?), chart patterns, etc., so I'm thinking that those familiar with stock and bond investing might wind up somewhat bored. Keep in mind, Mr. Insana was writing this in late-1995, way before many new investors were "seasoned" by the boom/bust in tech stocks, so some consideration of the time frame is warranted.
Overall, "Traders' Tales" might have mild appeal either to someone who has no experience with the stock markets, or to investors who might want to learn what all the market gurus we follow were doing decades ago.
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By A Customer on September 10, 1998
Format: Paperback
Who says you always have to read about market strategy? After wading through those kinds of hefty tomes, I enjoy a break. Traders' Tales is just that. A delightful collection of stories that have you laughing out loud. (Any chance there will be another similar book)? This is a true gem, so lighten up a little and check out another side of the World of Finance.
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Format: Paperback Verified Purchase
I work in the business but not on Wall Street. I have read quite a few books on the business and this is one of the more forgettable. It possibly would be interesting to someone who doesn't know much about the business and it does attempt to be funny, but frankly, it's really not. Pass on this one and look for the next Liar's Poker. This one has been done before and better.
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Format: Paperback
I had been misled by the "advance acclaim" for the author by Stanley Druckenmiller and Michael Steinhardt. I really doubt whether they had finished the book at all. It is so boring and full of dull short stories of a mixed variety that takes one nowhere and gives one no fun nor knowledge at all. Even worse, the writing is bad. In a word, don't waste your valuable time and money on it.
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