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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He published this infollowing scbwed experience on Wall Street in the s and s, but you know what? Mar 23, Godfrey rated it really liked it. Years later, he published a bestselling children’s book entitled Wacky, the Small Boyand then went on to write Where Are the Customers’ Yachts?

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. Reform—Some Yeas and Nays Was it stolen or did you lose it?

I think that is one of the purposes with humor and satire – helping improve ourselves. Oct 30, Ace rated it it was amazing.

Lists with This Book. Schwed covers some important ground in what may be one of the most important books ever written about Wall Street; the craziness of financial predictions, the desperate nature of stock brokers today known as “financial advisorsthe psychotic tendencies of the investing public, and capitalism – that old hag.

A story from an insider. Aug 03, Rishi Prakash rated it liked it. Sometimes I procrastinate reading something really important to the point that I want to kick myself. Maybe that could help us be more objective and analytic, rather than panic-driven and instinctive.


Where Are the Customers’ Yachts?: Story on buying stocks witch dividend and sell them only when they go down. About the only thing that’s changed on Wall Street is that computers have replaced pencils and whede paper.

Schwed’s classic book from has stood the test of time and still raises lots of questions like the one in the title. I have no idea what that means. A must read for any investment or portfolio professional Overall, an excellent read, and well worth the money. It’s an insightful and witty read as promised.

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

Popular aversion to short-selling clearly has a long history, as Schwed describes the early 20 th Century views and blows up the mythology there as well. Not too useful for someone who already doesn’t think highly of wall street and people in general.

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 Where Are the Customers’ Yachts? Wjere is naturally unpredictable as weather appears.

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

May 04, Rolling Ideas rated it it was amazing Shelves: 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 relevant as it was when it was first written back in February 2,9: 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.


Refresh and try again. Otherwise, the basics are the same. Want to Read Currently Reading Read. Jan 13, Hanno rated it it was amazing Shelves: Sell all the stocks at the peak of the book and invest in bonds. Which should be pretty much anyone both on the inside and on the outside. Like with most topical mockery, appreciation probably scales with previous exposure. Experts such as, statisticians, partners or even thinkers offer ostentatious profundity, sometimes even self-deceiving.

Book Review: Where Are The Customers’ Yachts by Fred Schwed

Paperbackpages. Return to Book Page. Schwed describes, tongue firmly in cheek, the possible mechanisms and joys of options trading. Leave a Reply Cancel reply Your email address will not be published.

A very funny book and probably the truest and most enduring description of American finance ever written. So why should you read something satirical on such a serious topic as investing? May 25, KennyO rated it really liked it Shelves: I thought so too!