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 pretty short book, and so shall also this review be. Want to Read Currently Reading Read. His take on investment trusts now known as mutual funds is spot on for then and even now. Even if you don’t have ferd deep interest in investing or personal finance this book is a must read because all people are or ought to be investing.

All the answers, comments and habits that just don’t get questioned. An inside look of the wall street from back in the early days. Story on buying stocks witch dividend yachfs sell them only frdd they go down. About Fred Schwed Jr. Sometimes I procrastinate reading something really important to the point that I want to kick myself.


In principle it’s easy to do it it’s psychological.

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. That, ahere anything, is a lesson one might take away from this book.

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

Jul 03, Duncan rated it really liked it. Apr 26, Adam rated it really liked it.

Ard one of them has to be disappointed, it’s bound to be the former. Naively, he asked where all the customers’ yachts were?

Feb 20, Ed rated it really liked it Shelves: On the pessimistic note, the win-loss situation turns to be coin flips.

Dec 28, Nathan Schwartz rated it it was amazing.

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

There are no discussion topics on this book yet. A story from an insider.

Just a moment while we sign you in to your Goodreads account. Sep 21, Jonathan Perez rated it it was amazing. 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 dchwed pay attention and wait until the peak of 1. To ask other readers questions about Where Are the Customers’ Yachts?

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 frdd industries.


Sadly, there is a lot of truth in that comment. The book is a little diluted so for a solid financial advice read some other book, for entertainment cusyomers history would read this book.

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

So, read this for the hilarity, but understand that the sly truths slipped in there might just help us as well. Aug 03, Rishi Prakash rated it liked it. Series Wiley Investment Classics. In the words of Peter Lynch, “if the only reason you can give when buying a stock is that the yacjts is going up then probably you are not on the path to investing success” lol.

Tempted by the wealth and the yachts of the bankers and the brokers, he sets out on his own quest for riches. Constantly funny in an intellectual and dry wit.

While the faces behind Wall Street have changed, the lunacy remains.