Where Are the Customers' Yachts? cover art

Where Are the Customers' Yachts?

Or A Good Hard Look at Wall Street

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Where Are the Customers' Yachts?

By: Fred Schwed Jr.
Narrated by: Mark Moseley
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Summary
 Humorous and entertaining, this book exposes the folly and hypocrisy of Wall Street. The title refers to a story about a visitor to New York who admired the yachts of the bankers and brokers. Naively, he asked where all the customers' yachts were? Of course, none of the customers could afford
yachts, even though they dutifully followed the advice of their bankers and brokers. 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.

"How great to have a reissue of a hilarious classic that proves the more things change the more they stay the same. Only the names have been changed to protect the innocent."—Michael Bloomberg(P)2012 Audible, Inc. Personal Finance Wall Street Investing
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The book is very entertaining and easy to listen. Descriptive and humorous narrative brings to light hypocrisy of the Wall Street with lots of irony and satire.

The book is not a manual of how to invest or what to avoid rather enjoyable and fun view of the financial madness and absurdity back in 50’s which also is sadly present today.

Cynical view of Wall Street

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Excellent quick book on the working and experience of one man on Wall Street. Good if you are just getting into investing or if you want something to listen to on an evening.

Fast, funny & interesting

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Loved every line of it, dripping with wit and humour yet very insightful and well ahead of its time.

Funtastic, unputdownable

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This in a book that I lyssend to becours it was om Charlie Mungers reading list an and The book and Charlie always delivers thatful idéer.

It sems to holdingbolag upp in 2024

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I’ve come to this 25yrs too late. Or perhaps, having recently left the industry, at just the right time.

Genius

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