The brilliant, witty, "savagely amusing" distillation of financial knowledge into pithy aphorisms that contain "snark and insight" ... by the Wall Street Journal columnist and co-author/reviser of the million-copy-seller The Intelligent Investor
THE DEVIL'S FINANCIAL DICTIONARY skewers the plutocrats and bureaucrats who gave us exploding mortgages, freakish risks, and banks too big to fail. And it distils the complexities, absurdities, and pomposities of Wall Street into plain truths and aphorisms anyone can understand.
An indispensable survival guide to the hostile wilderness of today's financial markets, THE DEVIL'S FINANCIAL DICTIONARY delivers practical insights with a scorpion's sting. It cuts through the fads and fakery of Wall Street and clears a safe path for investors between euphoria and despair. Staying out of financial purgatory has never been this much fun.
DAY-TRADER, n. See IDIOT.
FEE, n. A tiny word with a teeny sound, which nevertheless is the single biggest determinant of success or failure for most investors. Those who keep fees as low as possible will, on average, earn the highest possible returns.