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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Some of it is pretty oblique.

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

Like with most topical mockery, appreciation probably scales with previous exposure. As a financial author myse Schwed covers some important ground in what may be one yachhts 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 hte.

May 04, Rolling Ideas rated it it was amazing Shelves: Okay, finally received it from Amazon and finished it last night. To ask other readers questions about Where Are the Customers’ Fustomers 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.


So why should you read something satirical on such a serious topic as investing? It works for me. No speculators will beat the market forever.

The title of this little gem speaks volumes much larger than this little book. Full customerx 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.

Good reminder that in whatever has to do with money, the lunacy remains and history repeat itself. From Disney to Churchill. It would be funny if it weren’t so sad.

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

Series Wiley Investment Classics. Overall, an excellent read, and well worth the money. 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.

May 02, Ned rated it it was ok. Maybe then we would ask more, think more and get fooled less. Warren Buffet and the business of life. 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. Quotes from Where Are the Cus Where Are the Customers’ Yachts?: As my close personal friend Steve Martin says, the French have a different word for practically everything.


This book is a little bit dated, but really it holds up pretty well.

Investment is an effort, which should be successful, to prevent a lot of money from becoming a little. Want to Read saving…. Description “Once I picked it up I did not put it down until I finished. Feb 02, Dina rated it it was amazing.

More proof, as if any more were needed, that Wall Street is full of dorks. I say useful because we all need clever ways to defend ourselves against yahcts of Wall Street and its fawning handlers within the Financial Infotainment Industrial Complex.

Sadly, the signs of this phenomenon are everywhere. While the faces behind Wall Street have changed, the lunacy remains. If one of them has to be disappointed, it’s bound to be the former. Quick, funny, and informative.

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

Oct 30, Ace rated it it was amazing. Maybe because we ought to ask ourselves whether investing really is all that deadly serious at all. Jul 21, Julian Bu rated it really liked it.