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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schded 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 qre read because all people are or ought to be investing. 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.

Open Preview See a Problem? And since most of us have a really hard time criticizing our own weaknesses, maybe we should look at someone else instead? It is a wonderfully funny, rather cynical read all the way through, something I think anyone can enjoy. Goodreads helps you keep track of books you want to read. We read useful other thoughts, couched in humorous self-deprecation.

As my close personal friend Steve Martin says, the French have a different word for practically everything. Like with most topical mockery, appreciation probably scales with previous exposure. If one of customeds has to be disappointed, it’s bound to be the former. 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.

This book is a little bit dated, but really it holds up pretty well. Apr 07, Aleksandr Batalov rated it it was amazing. The probe into the wall street operations forces you to rethink “passion” for the financial markets. Sadly, there is a lot of truth in that comment.


Fred Schwed

A book which is still running so well after 60 years gives ywchts clear indication on its content! I received a link from a friend genuinely concerned about this headline in the beginning of The upcoming weather for the next year, throughout the various regions of the United States.

Back in the midst of the crisis short-selling became unpatriotic and in some limited cases like naked-shorts illegal. I have no idea what that means. It’s an insightful and witty read as promised.

Jul 21, Julian Bu rated it really liked it. While the faces behind Wall Street have changed, the lunacy remains. 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 cistomers as it was when it was first written back in Mar 02, Mat rated it liked it. The book is a little diluted so for a solid financial advice read some other book, for entertainment and history would read this book.

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

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. It is fairly straight forward and simple though arf does have a bit of financial verbiage that people may not be used to coming across if new to investing. Feb 02, Dina rated it it was amazing.

Want to Read Currently Reading Read. That, if anything, is a lesson one might take away from this book. To see what your friends thought of this book, please sign up.

May 02, Ned rated it it was ok. Then when they show a profit I sell them, exultantly. Return to Book Page. Where Are the Customers’ Yachts: A classic, in that is was written ina timeless classic in that is still rings solid and true. The title refers to ate story about a visitor to New York who admired the yachts of the bankers and brokers. I thought so too! Sadly, the signs of this phenomenon are everywhere. The investor’s need to believe somebody is matched by the financial advisor’s need to make a nice living.


Apr 08, Ferdinand Sia rated it liked it. Where Are the Customers’ Yachts?: In the words sre Peter Lynch, “if the only reason you can give when buying a stock is that the sucker is going up then probably you are not on the path to investing success” lol. Just a moment while we sign you in to your Goodreads account.

Nothing has changed on Wall Street, aee still a casino.

Where Are the Customers’ Yachts?: Or a Good Hard Look at Wall Street by Fred Schwed Jr.

Paperbackpages. Would you like to change to the site? A professional trader, who had the good sense to get out after scgwed a bundle of money in the crash, offers wry and astute observations on Wall Street along with bottom-line wisdom. On the pessimistic note, the win-loss situation turns to be coin flips. One of the few books on subject that is actually funny and entertaining yet still conveys valuable lessons. Main takeaways on wall street and investing: Maybe because we ought to ask ourselves whether investing really is all that deadly serious at all.

The language is a bit old frev not so hard to follow.