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

By Fred Schwed ,

Book cover of Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street

Book description

'Once I picked it up I did not put it down until I finished...What Schwed has done is capture fully-in deceptively clean language - the lunacy at the heart of the investment business' - From the Foreword by Michael Lewis, Bestselling author of "Liar's Poker". '...one of the funniest books…

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Why read it?

4 authors picked Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street as one of their favorite books. Why do they recommend it?

I loved this timeless classic. This book gets down to the essence of how to safely navigate Wall Street, where everyone wants a slice of your financial pie. It’s a quick and hilarious read that challenges the conventional investment wisdom that Wall Street tries to get you to believe.

You’ll become a more savvy and skeptical investor and avoid costly mistakes in your financial life. I gave a copy of this book to all my three children, and they loved it too!

Although this book was written over 80 years ago it remains the most humorous and educational book ever written about securities investing. While its focus is on the 1920s, it is dead on point today. Only the names have changed. I’ve read this book a number of times. On each occasion, I laugh a lot and learn a lot.

From Matthew's list on American financial history.

This book is over 60 years old but so relevant today! The headline involves a brokerage firm customer looking at all the yachts owned by stockbrokers, hence the question in the title. A well-known writer friend of mine put it another way: “The broker made money, his investment firm made money, and two out of three ain’t bad.” I love this book that zeroes in on the conflict brokers have between their own interests and the interests of their clients.

If you love Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street...

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The Beatles and the 1960s by Kenneth L. Campbell,

The Beatles are widely regarded as the foremost and most influential music band in history and their career has been the subject of many biographies. Yet the band's historical significance has not received sustained academic treatment to date. In The Beatles and the 1960s, Kenneth L. Campbell uses The…

Many financial advisers and brokers own yachts while most of their clients struggle to afford clunker cars. This book tells us why. Its exposures are just as valid today, and the writing just as hilarious to read.

From Avinash's list on economics and game theory.

If you love Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street...

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Book cover of The Beatles and the 1960s: Reception, Revolution, and Social Change

The Beatles and the 1960s by Kenneth L. Campbell,

The Beatles are widely regarded as the foremost and most influential music band in history and their career has been the subject of many biographies. Yet the band's historical significance has not received sustained academic treatment to date. In The Beatles and the 1960s, Kenneth L. Campbell uses The…

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