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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Sometimes I really hope Schwed’s wrong. Reform—Some Yeas and Nays Was it stolen or did you lose it? Bonds might go down further but don’t pay attention. Want to Read saving…. Sometimes I procrastinate reading something really important to the point that I want to kick myself. About the only thing that’s changed on Wall Street is that computers have replaced pencils and graph paper.
Popular aversion to short-selling clearly has a long history, as Schwed describes the early 20 th Century views and blows yafhts the mythology there as well. Apr 07, Mahesh rated it really liked it. 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.
Jul 21, Julian Bu rated it really liked it. 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. In fact the more nascent or open to learning the better because this book yzchts a great foundation for how investing should be understood and executed.
It is a wonderfully funny, rather cynical read all the way through, something I frred anyone can enjoy. Glad you liked it. Aug 16, Justin rated it it was ok Shelves: Overall, an excellent read, and well worth the money.
About Fred Schwed Jr. Return to Book Page. Where Are the Customers’ Yachts?: Apr 26, Adam rated it really liked it.
Book Review: Where Are The Customers’ Yachts by Fred Schwed
Some of it is pretty oblique. Brimming with amusing anecdotes and stories, this often hilarious cautionary tale is fully illustrated.
Be the first to ask a question about Where Tbe the Customers’ Yachts? And since most of us have a really hard time criticizing our own weaknesses, maybe we should look at someone else instead?
Every now and then, it happens that some poor financially illiterate soul gets suckered into the world of speculation. Market is naturally unpredictable as weather appears. Sadly, there is a lot of truth in that comment. Easily the best explanation of the dynamic between financial services professionals and their customers.
What Schwed has done is capture fully-in deceptively clean language-the lunacy at the heart of the investment business. A story from an insider. Quick, funny, and informative.
Not too useful for someone who already doesn’t think highly of wall customerss and people in general. A professional trader, who had the good sense to get out after losing a bundle of money in the crash, offers wry and astute observations on Wall Street along with bottom-line wisdom.
Book Review: Where Are The Customers’ Yachts | Bankers Anonymous
Leave a Reply Cancel reply Your email address will not be published. This book has not been successful if it has not suggested some big-league problems, such as: I would recommend this book to anyone being at least a bit cynical about the Wall Street culture.
The author presents some of the details and rational for different investment strategies. A peasant, however, who is rich beyond his limited dreams of avarice. Schwed goes right for the soft spots of Wall St.