Results 1 – 9 of 9 Discover Book Depository’s huge selection of Fred-Schwed books online. Free delivery worldwide on over 19 million titles. Writing with a rare mixture of wry cynicism and bonhomie reminiscent of Mark Twain and H. L. Mencken, Fred Schwed, Jr., skewers everyone including himself in. 4 quotes from Fred Schwed Jr.: ‘Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be.
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Where Are the Customers’ Yachts? or A Good Hard Look at Wall Street : Fred Schwed :
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Business books: Where Are the Customers’ Yachts? (Fred Schwed)
Thanks for telling us about the problem. Return to Book Page. Preview — Where Are the Customers’ Yachts? Where Are the Customers’ Yachts?: 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 Frec Street along with bottom-line wisdom.
Covers the gamut of financial players and the clients who bring them business. Brimming with amusing anecdotes and stories, this often hilarious cautionary tale is fully illustrated. Paperbackpages. Published December 1st by Wiley first published January 10th Where Are the Customers’ Yachts: To see what your friends thought of this book, please sign up. To ask other readers questions about Where Are the Customers’ Yachts? Be the first schwe ask a question about Where Are the Customers’ Yachts?
Lists with This Book. Apr 07, Aleksandr Batalov rated it it was amazing. A very easy and pleasurable reading, highly recommended to everyone BEFORE starting investing their money ; as for a schwes insider of the financial industry, the book proved to be really entertaining for me, with a good portion of irony and satire. I find it especially schhwed that almost nothing has changed in the last 75 years since the book was written in thehowever, this is, most scgwed, due to the fact that a biological machine, aka homo sapiens sapiens, is primarily lead by emot A very easy and pleasurable reading, highly recommended to everyone BEFORE starting investing their money ; as for a former insider of the financial industry, the book proved to be really entertaining for me, with a good portion of irony and satire.
I find it especially amusing that almost nothing has changed in the last 75 years since the book was written in thehowever, this is, most likely, due to the fact that schaed biological machine, aka homo sapiens frsd, is primarily lead by emotions such as greed and fear.
Jan tred, Hanno rated it it was amazing Shelves: Although written 75 years ago, applies very well today. One of the few books on subject that is actually funny and entertaining yet still conveys valuable lessons.
Apr 03, Ron II rated it it was amazing. Schwed covers some important ground in what may be one of the most important books ever written about Wall Street; the scbwed 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.
While the faces behind Wall Street have changed, the lunacy remains. As a financial author myse Schwed covers some important ground in what may be one of the most important schwex 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.
As a financial author myself, I’m jealous of the way Fred Schwed Jr. His choice of words are simply unmatched. Jan 17, Viktor Nilsson rated it it was amazing Shelves: Every now and then, it happens that some poor financially illiterate soul gets suckered into the world of speculation. Tempted by the wealth and the yachts of schwdd bankers and the brokers, he sets out on his own quest for riches.
One man seeing the same thing as this man it’s usually a man famously asked the question we all ought to have asked: Where are the customers’ schded
Sadly, there is a sched of truth in that comment. Sadly, the signs of this phenomenon are everywhere. This is something worthy of inspection and criticism – or satire, as the scgwed suggests. So why should you read something satirical on such a serious topic as investing? Maybe because we dred to ask ourselves whether investing really is all that deadly serious at all. Maybe we should treat it like everything else that we are good at – something that captures our interest and doesn’t scare us.
Maybe that could help us be more objective and analytic, rather than panic-driven and instinctive. Maybe then we would ask more, think more and get fooled less. And since most of us have a really hard time criticizing our own weaknesses, maybe we should look at someone else instead? I think that is one of the purposes with humor and satire – helping improve ourselves.
Schwed’s classic book from has stood the test of time and still raises lots of questions like the one in the title. The book is by no means a manual for prospective investors, but more like an enjoyable account of all the financial folly that goes on around us.
All the answers, comments and habits that just don’t get questioned. Both from the customers and the people within the industry itself. It is especially funny to see that almost all of this folly, 73 years later, is still all around us with the addition of some other new ones. That, if anything, is a lesson one might take away from this book.
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It is a wonderfully funny, rather cynical read all the way through, something I think anyone can enjoy. The language is a bit old but not so hard to follow. It is a pretty short book, and so shall also this review be. I would recommend this book to anyone being at least a bit cynical about the Wall Street culture. Which should be pretty much anyone both on the inside and on the outside. May 04, Rolling Ideas rated it it was amazing Shelves: It’s an insightful and witty read as promised.
The probe into the wall street operations forces you to rethink “passion” for the financial markets. On the pessimistic note, the win-loss situation turns to be coin flips. No speculators frsd beat the market forever. Market is naturally unpredictable frex weather appears. Experts such as, statisticians, partners or even thinkers offer ostentatious profundity, sometimes even self-deceiving.
Quote by Fred Schwed Jr.: “Speculation is an effort, probably unsuccessful”
Now you wonder the ever-glowing heat of quants in the financi It’s an insightful and witty read as promised. 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.
Sometimes I really hope Schwed’s wrong. With this realistic outlook on those career paths, I’d hardly convince myself to enter those golden-cow farms.
Jul 03, Duncan rated it really liked it. Old-style humor, probably will go over the head of most modern day readers. Some of it is pretty oblique. His insights are as fresh as ever, and now most new “experts” on the matter e. Kahneman or Michael Lewis don’t feel at all original. Nothing has changed on Wall Street, it’s still a casino. Mar 17, Dan Gabree rated it really liked it. Seems simple at first but by the end you catch onto the subtle truths underneath the dry wit.
Feb 02, Dina rated it it was amazing. All time investment classic. Aug 16, Justin rated it it was ok Shelves: Not too useful for someone who already doesn’t think highly of wall street and people in general. Sep 21, Terry Koressel rated it it was ok. Where Are the Customers’ Yachts? Like any industry, there are competents and inepts; those with integrity and the dishonest; folks who are out to serve their customers and those that are out for themselves. 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?
However, it is possible that Wall Street has more than its fair free of the negatives, given the belief that big money is attainable without the years of study or the incredibly hard work scuwed is required of any successful professional. Schwed goes right for the soft spots of Wall St. The book is so funny because everyone knows that what he speaks the truth A must read for any investment or portfolio professional Sep 21, Jonathan Perez rated it it was amazing.
I heard about this little book in Alice’s Schroeder The Snowball: Warren Buffet and the business of life. As many others reviewers have said before me it is indeed funny to think that now in when I fted this book at the age of 32 it is as relevant as it was when it was first written back in Good reminder that in whatever has to do with money, the lunacy remains and history repeat itself.
In the words of Peter Lynch, “if the only reason you can fres when buying a stock is that the suck I heard about this little book in Alice’s Schroeder The Snowball: In the words of Peter Lynch, “if the only reason you can give when buying a stock is that the sucker is going up then probably you are not on the rred to investing success” lol. Main takeaways on wall street and investing: If you don’t you’ll end up doing nothing but making your broker happy. Apr 07, Mahesh rated it really liked it.