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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In fact the more nascent or open to learning the better because this book is a great foundation for how investing should be understood and executed. Old-style humor, probably will go over the head of most modern day readers. About Fred Schwed Jr.

Thanks for telling us about the problem. All the answers, comments and habits that just don’t get questioned. Brimming with amusing anecdotes and stories, this often hilarious cautionary tale is fully illustrated.

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

Investment is an effort, which should be successful, to prevent a lot of money from becoming a little. Maybe then we would ask more, think more and get fooled less. A story from an insider. Xustomers, the author does a great job of explain Even if you don’t have a deep interest in investing or personal finance this book is a must read because all people are or ought to be investing. Nothing has changed on Wall Vred, it’s still a casino. Sadly, the signs of this phenomenon are everywhere.

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There are no discussion topics on this book yet. Nice, cynical view of Wall Street that everyone should read before investing.


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

It works for me. Both from the customers and the people within the industry itself. His take on investment trusts now known as mutual funds is spot on for then and even now. Feb 02, Dina rated it it was amazing.

Mar 02, Mat rated it liked it. Even if you don’t have a deep interest in investing or personal finance this book is a must read because all people are or ought to be investing.

It is a pretty short book, and so shall also this review be. Regardless, the author does a great job of explaining terms and making all of the 3 page chapters pretty digestible. Where Are the Customers’ Yachts: I think that is one of the purposes with humor and satire – helping improve ourselves. A humorous look at the people, practices and myths that make up the investment business.

Aug 16, Justin rated it it was ok Shelves: Leave a Reply Cancel reply Your email address will not be published. As my close personal friend Steve Martin says, the French have a different word for practically everything. This book has not been successful if it has not suggested some big-league problems, such as: However, it is possible that Wall Street has more than its fair share of the negatives, given the belief that big money is attainable without the years of study or the incredibly hard work that is required of any successful professional.

Fred Schwed – Wikipedia

As a financial author myself, I’m jealous of the way Fred Schwed Jr. Thanks for the review, going to read it now.

Tne by the wealth and the yachts of the bankers and the brokers, he sets out on his own quest for riches. Funny descriptions about short selling and options.


He published this inehere his experience on Wall Street in the s and s, but you know what? Wall Street has never looked so funny before!

Fred Schwed

Helpfully, he follows that up with a few explanations of how puts and calls and straddles work, although mostly he describes the funny patter of options traders attempting to attract customers.

A very funny book and probably the truest and most enduring description of American finance ever written. Mar 23, Godfrey rated it really liked it.

That, if anything, is a lesson one might take away from this book. But never within six months, of course. I say echwed because we all need clever ways to defend ourselves against myths of Wall Street and its fawning handlers within the Financial Infotainment Industrial Complex. Of feed, none of the customers could afford yachts, even though they dutifully followed the advice of their bankers and brokers.

Sep 21, Jonathan Perez rated it it was amazing. Design by Sweb Development. What Schwed has done is capture fully-in deceptively clean language-the lunacy at the heart of the investment business.

The names of institutions and professional titles have changed over time, but Schwed comically and wittily proclaims why broker dealers are only in it for themselves – in the 40’s and today. His choice of words are simply unmatched.