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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It is a wonderfully funny, rather cynical read all the way through, something I think anyone can enjoy. This is something worthy of inspection and criticism – or satire, as the title suggests. Series Wiley Investment Fed. May 25, KennyO rated it really liked it Shelves: Oct 23, Zack rated it it was amazing Shelves: For some reason the subtle humor of the The Liberty Bar calendar never gets old for me.

No trivia or quizzes yet. Schwed has some hilarious stuff on this topic.

It would be funny if it weren’t so sad. Jan 13, Hanno rated it it was amazing Shelves: More proof, as if any more were needed, that Wall Street is full of dorks. As many others reviewers have said before me fre is indeed funny to think that now in when I read this book at the age fded 32 it is as relevant as it was when it was first written back in The book is so funny because everyone knows that what he speaks the truth To see what your friends thought of this book, please sign up.

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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. 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.


Funny descriptions about short selling and options. Only the names have been changed to protect the innocent. Design by Sweb Development. I think that is one of the purposes with humor and satire – helping improve ourselves.

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.

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

Would you like to change to the site? 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.

Schwed goes right for the soft spots of Wall Jachts. In principle it’s easy to do it it’s psychological. I say useful because we all need clever ways schded defend ourselves against myths of Wall Street and its fawning handlers within the Financial Infotainment Industrial Complex.

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?

Full of 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. A peasant, however, who is rich beyond his limited dreams of avarice.


Now you wonder the ever-glowing heat of quants in the financial markets, computer engineers of the trading systems, and the fawning salaries of business analysts across the industries.

While the faces behind Wall Street have changed, the lunacy remains. Apr 07, Aleksandr Batalov rated it it was amazing. Want to Read saving….

So why should you read something satirical on such a serious topic as investing? Want to Read Currently Reading Read. One of the few books on subject that is actually funny frwd entertaining yet still conveys valuable lessons.

Fred Schwed

Read this and put your feet firmly on the ground. Feb 02, Dina rated it it was amazing. Mar 23, Free rated it really liked it. Leave a Reply Cancel reply Your email address will not be published.

Old-style humor, probably will go over the head of most modern day readers. About the only thing that’s changed on Wall Street is that computers have replaced pencils and graph paper.

Where Are the Customers’ Yachts: 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. That, if anything, is a lesson one might take away from this book.

The title refers to a story about a visitor to New York who admired the yachts of the bankers and brokers.