Cover image for The Faber report : CNBC's "The Brain" tells you how Wall Street really works and how you can make it work for you
The Faber report : CNBC's "The Brain" tells you how Wall Street really works and how you can make it work for you
Faber, David, 1964- reporter.
First edition.
Publication Information:
Boston, Mass. : Little, Brown and Co., [2002]

Physical Description:
291 pages : illustrations ; 25 cm
General Note:
Includes index.
Why I hate analysts -- Why I love short sellers -- Fraud: it can happen to you -- The truth about your broker -- Fun with funds -- How to play M&A -- Ceos are people, too.
Corporate Subject:
Added Author:
Format :


Call Number
Material Type
Home Location
Item Holds
HG4572 .F3 2002 Adult Non-Fiction Non-Fiction Area

On Order



Already a major star on CNBC, Fabber is the host of a series of prime-time specials. The bear-market panic that crippled the sale of investment books is beginning to lift as investors realize that, especially in bad times, they need to know how to avoid loser stocks and find the rare winners.

Author Notes

David Faber is CNBC's Wall Street correspondent and hosts the daily "Faber Report," reporting on mergers, acquisitions, and market stories. He lives in New York City.

David Faber received a bachelor's degree in English from Tufts University. He worked at Institutional Investor for seven years before joining CNBC in 1993. He has anchored and co-produced several CNBC's acclaimed original documentaries and long-form programming as well as contributed to CNBC's Squawk on the Street. In 2005, he received both a Peabody Award and the Alfred I. duPont-Columbia University Award for Broadcast Journalism for the two-hour documentary, The Age of Wal-Mart. In 2006, he presented the original documentary Big Brother, Big Business, which received an Emmy in the category of Outstanding Documentary on a Business Topic. He has written two books The Faber Report: CNBC's the Brain Tells You How Wall Street Really Works and How You Can Make It Work for You (2002) and And Then the Roof Caved In: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees (2009).

(Bowker Author Biography)

Reviews 2

Publisher's Weekly Review

Faber, a financial industries reporter who hosts The Faber Report, a CNBC segment, promotes an aggressively skeptical attitude in his first book. Predicated on what he calls Wall Street's core conflict of interest investment firms that analyze companies and also hope to do banking business with them Faber's work critically addresses the current economy. Analysts often assign ratings to stocks, not based on actual value, Faber says, but with an eye toward bringing in millions in fees for their own firms (and, by extension, themselves). He organizes his book as a series of case studies of how various companies' stocks were presented to the public, at times referring to the players simply as Big Firm X and Company A. Playing up his broadcast journalism background, Faber punctuates the finance talk by inserting pointed sidebars on understanding hedge funds and price/earnings ratios, profiles of high flyers like Lucent CEO Rich McGinn and even some Enron gossip. It's refreshing to see Faber's cynicism toward the industry he covers, but his tortured rationalization for why he has continued is unexpectedly touching: of the many thousands of bankers, traders, money managers, and brokers I've spoken to, not one came to Wall Street in order to do good for his or her fellow man, he says in the introduction. But... I would counter, he writes later, that it is better than anything else I've seen. Faber has penned a helpful, instructive book with appropriate amounts of doubt and optimism. Agents, David Vigliano and Dean Williamson. (June 1) (c) Copyright PWxyz, LLC. All rights reserved

Library Journal Review

You've seen him on CNBC's The Faber Report. Now you can read his book and figure out how to invest your money as the economy crash-dives. (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

Table of Contents

Introductionp. 3
1 Why I Hate Analystsp. 9
2 Why I Love Short Sellersp. 62
3 Fraud: It Can Happen to Youp. 106
4 The Truth About Your Brokerp. 142
5 Fun with Fundsp. 173
6 How to Play M&Ap. 204
7 Ceos Are People, Toop. 250
Conclusionp. 275
Indexp. 277