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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In the words of 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.

It works for me. Apr 26, Adam rated it really liked it. From Disney to Churchill. Regardless, the author does a great job of explaining terms and making all of the 3 page chapters pretty digestible.

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

Both from the customers and the people within the industry itself. His insights are as fresh as ever, and now most new “experts” on the matter e. It is fairly straight forward and simple though it does have a bit of financial verbiage that people may not whege used to coming across if new to investing.

But never within six months, of course. Trivia About Where Are the Cus His take on investment trusts now known as mutual funds is spot on for then and even now.

Apr 03, Ron II rated afe it was amazing. Schwed’s classic book from has stood the test of time and still raises yachst of questions like the one in the title. I say useful because we all need clever ways to defend cred against myths of Wall Street and its fawning handlers within the Financial Infotainment Industrial Complex. Schwed goes right for the soft spots of Wall St.


A very funny book and probably the truest and most enduring description of American finance ever written. Schwed describes, tongue firmly in cheek, the possible mechanisms and joys of options trading. The names of institutions and professional titles have changed over time, but Schwed comically and wittily proclaims why broker dealers are only in it for themselves – in the 40’s and today. Where Are cutsomers Customers’ Yachts? Dec 26, Gregory Long 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. To see what your friends thought of this book, please sign up.

Tell me how you liked it. With this realistic outlook on those career paths, I’d hardly convince myself to enter those golden-cow farms. Feb 20, Ed rated it really liked it Shelves: Published December 1st by Wiley first published January 10th Quick fun read that gives you a lot of power per page.

In principle it’s easy to do it it’s psychological. The book is so funny because everyone knows that what he speaks the truth If one of xre has to be disappointed, it’s bound to be the former.

It would be funny if it weren’t so sad.

I have no idea what that th. And since most of us have a really hard time criticizing our own weaknesses, maybe we should look at someone else instead?

Where Are the Customers’ Yachts?: or A Good Hard Look at Wall Street

Experts such as, statisticians, partners or even thinkers offer ostentatious profundity, sometimes even self-deceiving. Reform—Some Yeas and Nays Frer it stolen or did you lose it?

A book which is still running so well after 60 years gives a clear indication on its content! Otherwise, the basics are the same.

Then when they show a profit I sell them, exultantly. One of the few books on subject that is actually funny and entertaining yet still conveys valuable lessons.


What Schwed has done is capture fully-in deceptively clean language-the ar at the heart of the customerz business. Then a long time later it turns out that I should have just bought them, and thereafter I should have just sat on them like a fat, stupid peasant.

Fred Schwed

Some of it is pretty oblique. In the words of Peter Lynch, “if the only reason you can give when buying a stock is that the suck I heard about this little book in Alice’s Schroeder The Snowball: More proof, as if any more were needed, that Wall Street is full of dorks.

May 25, KennyO rated it really liked it Shelves: Like with most topical mockery, appreciation probably scales with previous exposure. So why should you read something satirical on such a serious topic as investing?

While the faces behind Wall Street have changed, the lunacy remains. The upcoming weather for the next year, throughout the various regions of the United States. No speculators will beat the market forever. The language is a bit old but not so hard to follow.

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? Constantly funny in an intellectual and dry wit. Thanks for the review, going to read it now. Sell all the stocks at the peak of the book and invest in bonds.