Arthur Levitt is a Wall Street veteran who later became the Securities and Exchange Commission's longest serving chairman, from 1993-2001. He has long been a champion of corporate accountability; in writing Take On the Street, he shares what he knows with the individual investor.
Date of Birth:
February 3, 1931
Place of Birth:
Brooklyn, New York
B.A., Williams College, 1952
|An Insider's No-Nonsense Market Advice|
|Take on the Street: How to Fight for Your Financial Future|
Arthur Levitt Jr., With Paula Dwyer
Levitt delivers specific, practical information about how Wall Street can obfuscate reality for investors, and how you can avoid getting fleeced. The industry veteran explains how brokerages and corporations work (or don't) -- vital information, especially in the post-Enron age.
Read an excerpt
|You would think that Levitt -- who worked as a newspaper drama critic and served two years in the Air Force before swimming with the sharks of commerce -- would be ready to slow down a bit after leaving the SEC. But Levitt is an active outdoorsman, a frequent participant in Outward Bound's notoriously tough nature trips as well as a golfer, fisherman and rower. He still likes a bit of risk: "I run rivers, climb mountains, and play liars poker," he says.|
|The Return of the Native|
Levitt says the book that most influenced his life is Thomas Hardy's story of mismatched lovers at odds in the wild expanse of England's Egdon Heath. In fact, when Levitt wasn't recommending Washington-oriented books, he stuck to Victorian lit -- check out the rest of his favorites.
If Levitt were leading his own book group, he would select this capital memoir by veteran journalist Meg Greenfield because, he says, "it is the cleanest analysis of life in that extraordinary city." Here are some more of his favorites:
|Photo by John Sann||