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Backstage Wall Street: An Insider's Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments by Joshua M. Brown

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2In the Beginning …

At the end of the 1700s, European-style bourses and trading centers were beginning to coalesce in major cities like Boston, Baltimore, and Philadelphia. In lower New York, trading began down by the wall that Peter Stuyvesant had built during the previous century as a defensive barrier for the island of Manhattan (or New Amsterdam). This location would come to be known as Wall Street, the financial capital of the world. The activities and ethos of this otherwise insignificant street would go on to transcend geography: Wall Street is no longer just a physical place; it is its very own globally recognized culture, and it can exist anywhere someone is engaging in stock or bond wheeling and dealing. In fact, anywhere you go in ...

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