Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street
| Author | : | |
| Rating | : | 4.62 (935 Votes) |
| Asin | : | 0471770892 |
| Format Type | : | paperback |
| Number of Pages | : | 208 Pages |
| Publish Date | : | 2013-05-27 |
| Language | : | English |
DESCRIPTION:
Worth the Time and $ First half of the book consists of a rather long series of forwards, followed by mostly dated information (and no trading advice that wouldn't be in modern writings as necesities, i.e. a basic overview of investor pshychology).But the the second half of the book is entertaining and well worth the wait to get there. Schwed loosens up even m. "On deplorable ill, treacherous behaviour with customers" according to Marcelo Henriques de Brito. Some “old books” become famous because human nature unfortunately does not indeed discharge ill behaviours. Schwed wrote a thin and even "funny" book on how customers may be treacherous treated. The deplorable reported cases should not repeat with time, but this may just be "wishful thinking" - really unfortunately.. drsv said Excellent analysis of the stock market with lots of truth. Excellent analysis of the stock market with lots of truth and humor. Don't be fooled by the 19Excellent analysis of the stock market with lots of truth drsv Excellent analysis of the stock market with lots of truth and humor. Don't be fooled by the 1940 copyright; investing hasn't changed much since then! I learned about this book streaming the 2016 Berkshire-Hathaway Annual Meeting when Warren Buffett commented this book was one of the best books about the stock market.. 0 copyright; investing hasn't changed much since then! I learned about this book streaming the "Excellent analysis of the stock market with lots of truth" according to drsv. Excellent analysis of the stock market with lots of truth and humor. Don't be fooled by the 19Excellent analysis of the stock market with lots of truth drsv Excellent analysis of the stock market with lots of truth and humor. Don't be fooled by the 1940 copyright; investing hasn't changed much since then! I learned about this book streaming the 2016 Berkshire-Hathaway Annual Meeting when Warren Buffett commented this book was one of the best books about the stock market.. 0 copyright; investing hasn't changed much since then! I learned about this book streaming the 2016 Berkshire-Hathaway Annual Meeting when Warren Buffett commented this book was one of the best books about the stock market.. 016 Berkshire-Hathaway Annual Meeting when Warren Buffett commented this book was one of the best books about the stock market.
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 great to have a reissue of a hilarious classic that proves the more things change the more they stay the same. 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. Otherwise, the basics are the same. "Once I picked it up I did not put it down until I finished. The investor's need to believe somebody is matched by the financial advisor's need to make a nice living. Full of wise contrarian advice and offering a true look at the world 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.. Only the names have been changed to protect the innocent." -- Michael Bloomberg"It
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)