Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street
| Author | : | |
| Rating | : | 4.55 (947 Votes) |
| Asin | : | 0471770892 |
| Format Type | : | paperback |
| Number of Pages | : | 208 Pages |
| Publish Date | : | 2014-06-23 |
| Language | : | English |
DESCRIPTION:
About the only thing that's changed on Wall Street is that computers have replaced pencils and graph paper. Naively, he asked where all the customers' yachts were? Of course, none of the customers could afford yachts, even though they dutifully followed the advice of their bankers and brokers. "Once I picked it up I did not put it down until I finished. Only the names have been changed to protect the innocent." -- Michael Bloomberg"It's amazing how well Schwed's book is holding up after fifty-five years. What Schwed has done is capture fully-in deceptively clean language-the lunacy at the heart of the investment business." -- From the Foreword by Michael Lewis, Bestselling author of Liar's Poker"one of the funniest books ever written about Wall Street." -- Jane Bryant Quinn, The Washington Post"How g
Fred Schwed Jr. was a professional trader who got out of the market after losing a bundle in the 1929 stock market crash. Years later, he published a bestselling children's book entitled Wacky, the Small Boy, and then went on to write Where Are the Customers' Yachts?
"More than half a century on, Where Are the Customers’ Yachts? Remains a fascinating read" (Money Week, July 2006)“the book is a fun read and as relevant today as it ever was” (Investor's Chronicle, August 2015)
Some things never change CaliViking It is a great little book. I have dealt with a lot of investment bankers, most of them are good and honest people, a few of them fit the descriptions in this book. Some of the stories are funny, but they do require some knowledge of the financial world to understand them.The impressive part is that this book has stayed true for so many decades. Some things never change.I am not a certified financial advisor, but my personal advice for the average investor wanting to get a return on thei. A Splash of Cold Reality So, you want to make money on Wall Street? Good idea, only be wary of investment counselors, stock brokers, or anyone purporting to have all the answers, such as authors of books on investing. Fortunately for us, Fred Schwed is not among them. His is a cautionary tale. He's worked on the Street and knows of its many pitfalls. Yes, his book was originally published in 1955, but as Jason Zweig (Money Magazine) points out in the introduction to the 2006 edition, nothing has changed. "The n. Fun read. Fast read. Yeah! Very Very Very fun read. He really does take a good hard look at Wall street while making it witty at the same time. Fast read. Fun read. What more could you ask for?Book meets and surpasses expectations. Another similar book I would recommend if Upton Sinclair's "The Moneychangers." Great short book on the financial crisis of 1909. Even though it's technically fiction, it's written all based on the actual people of that time frame, like J.P. Morgan and others. Must read if you're getti