Where Are the Customers’ Yachts?: or A Good Hard Look at Wall Street Fred Schwed Jr. was a professional trader who got out of the market after losing a. Where are the Customers’ Yachts?: Or a Good Hard Look at Wall Street (Wiley Investment Classics) 1st Edition (English, Paperback, Fred Schwed, Marketplace . Where Are the Customers’ Yachts?: Or a Good Hard by. Fred Schwed Jr., Covers the gamut of financial players and the clients who bring them business.

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The probe into the wall street operations forces you to rethink “passion” for the financial markets.

Book Review: Where Are The Customers’ Yachts by Fred Schwed

The upcoming weather for the next year, throughout the various regions of the United States. The book is by no means a manual for prospective investors, but more like an enjoyable account of all the financial folly that goes on ehere us. About the Author Fred Schwed Jr. Some of it is frec oblique. It is especially funny to see that almost all of this folly, 73 years later, is still all around us with the addition of some other new ones.

Book Review: Where Are The Customers’ Yachts | Bankers Anonymous

Feb 11, SallyStenger added it. Schwed covers some important ground in what may be one of the most important books ever written about Wall Street; the craziness of wherw predictions, the desperate nature of stock brokers today known as “financial advisorsthe psychotic tendencies of the investing public, and capitalism – that old hag.

A book which is still running so well after 60 years gives a clear indication on its content! Description “Once I picked it up I did not put it down until I finished. Schwed has some hilarious stuff on this topic.


Quoted ahere Malkiel, I thought I would read this. Mar 23, Godfrey rated it really liked it.

Apr 03, Ron II rated it it was amazing. Full of wise contrarian advice and offering a true look at the cusfomers of investing, in which brokers get rich while their customers go broke, this book continues to open the eyes of investors to the reality of Wall Street. Maybe we should treat it like everything else that we are good at – something that captures our interest and doesn’t scare us.

For some reason the subtle humor of the The Liberty Bar calendar never gets old for me.

The language is a bit old but not so hard to follow. Milne, in that he begins with a banal-sounding truism, and then veers off — in the second part of his sentence — into an unexpected absurdity, unveiling a deeper truth. Very useful in understanding Wall Street’s whrre society’s behavior.

As many others reviewers have said before me it is indeed funny to think that now in when I read this book at the age of 32 it is as relevant as it was when it was first written back in May 04, Rolling Ideas rated it it was amazing Shelves: Good reminder that in whatever has to do with money, the lunacy remains and history repeat itself. Apr 07, Mahesh rated it really liked it. Like any industry, there are competents and inepts; those with integrity and the dishonest; folks who are out to serve their customers and those that are out for themselves.

Investment—Many Questions and a Few Answers Headaches of the wealthy A little wonderful advice Price and value—our special market letter Cash as a long-term investment Your way of life and the basis book IX.

Wall Street has qhere looked so funny before! I yachtd a link from a friend genuinely concerned about this frev in the beginning of This book is a little bit dated, but really it holds up pretty well. Easily the best explanation of the dynamic between financial services professionals and their customers.


When it’s bust buy the stocks from the people who are dying to sell the stock by selling bonds even at loss and stocks may go down further don’t pay attention and wait until the peak of 1. All time investment classic.

Where Are the Customers’ Yachts?: Or a Good Hard Look at Wall Street

Every now and then, it happens that some poor financially illiterate soul gets suckered into the world of speculation.

Price vs value 5. Glad you liked it. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little.

Back in the midst of the crisis short-selling became cuatomers and in some limited cases like naked-shorts illegal. Mar 02, Mat rated it liked it. Nobody loves a specialist Horizons and limits of regulation Inconclusions About the Author You are currently using the site but have requested a page in the site.

Tell me how you liked it. Quick, funny, and informative. Then a long time later it turns out that I should have just bought them, and thereafter I should have just sat on them like a fat, stupid peasant. Leave cjstomers Reply Cancel reply Your email address will not be published.

A very easy and pleasurable reading, highly recommended to everyone BEFORE starting investing their money ; as for a former insider of the financial industry, the book proved to be really entertaining for me, with a good portion of irony and satire. The book is a little diluted so for a solid financial advice read some other book, for entertainment and history would read this book.

Yqchts Wiley Investment Classics.