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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Oct 30, Ace rated it it was amazing. I heard about this little book in Alice’s Schroeder The Snowball: Brimming with amusing anecdotes and stories, this often hilarious cautionary tale is fully illustrated.
Apr 08, Ferdinand Sia rated it liked it. Cuatomers the first to ask a question about Where Are the Customers’ Yachts?
Where Are the Customers’ Yachts?: Or a Good Hard Look at Wall Street
Goodreads helps you keep track of books you want to read. Okay, finally received it from Amazon and finished it last night. Where Are the Customers’ Yachts: Kahneman or Michael Lewis don’t feel at all original.
With this realistic outlook on those career paths, I’d hardly convince myself to enter those golden-cow farms. Just a moment while we sign you in to your Goodreads account.
All time investment classic. Read this and put your feet firmly on the ground. So you’ve got a good broker making you lots of money? And since most of us have a really hard time criticizing our own weaknesses, maybe we should look at someone else instead?
Regardless, 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. His take on investment trusts now known as mutual funds is spot on for then and even now.
Apr 03, Ron II rated it it was amazing. The title of this little gem speaks volumes much larger than this little book. About the Author Fred Schwed Jr. 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 around us. Aug 03, Rishi Prakash rated it liked it. Maybe because we ought to ask ourselves whether investing really is all that deadly serious at all.
Warren Buffet and the business of life. Naively, he asked where all the customers’ yachts were? Good reminder that in whatever has to do with money, the lunacy remains and history repeat itself. May 04, Rolling Ideas rated it it was amazing Shelves: Thanks for the review, going to read it now. It is fairly straight forward and simple though it does have a bit of financial verbiage that people may not be used to coming across if new to investing.
Preview — Where Are the Customers’ Yachts? 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. A story from an insider. If you don’t you’ll end up doing nothing but making your broker happy. Yes, you do know what. I have no idea what that means. Glad you liked it. Quoted by Malkiel, I thought I would read this.
Nobody loves a specialist Horizons and limits of regulation Inconclusions About the Author It would be funny if it weren’t so sad. A book which is still running so well after 60 years gives a clear indication on its content! A must read for any investment or portfolio professional Very useful in understanding Wall Street’s and society’s behavior.
Schwed describes, tongue firmly in cheek, the possible mechanisms and joys of options trading. The investor’s need to believe somebody is matched by the financial advisor’s need to make a nice living.
Although written 75 years ago, applies very well today. I say useful because we all need clever ways to defend ourselves against myths of Wall Street and its fawning handlers within the Financial Infotainment Industrial Complex.
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 next boom.
Maybe that could help us be more objective and analytic, rather than panic-driven afe instinctive. A peasant, however, who is rich beyond his limited dreams of avarice.
Where Are the Customers’ Yachts?: Or a Good Hard Look at Wall Street by Fred Schwed Jr.
Regardless, the author does a great job of explaining xustomers and making all of the 3 page chapters pretty digestible. If one of them has to be disappointed, it’s bound to be the former. I would recommend this book to anyone being at least a bit cynical about the Wall Street culture.
Story on buying stocks witch dividend and sell them only when they go down. 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.
Which should be pretty much anyone both on the inside and on the outside. As a financial author myself, I’m jealous of the way Fred Schwed Jr. Series Wiley Investment Classics.