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

  • 208 pages
  • 0471770892
  • English
  • $0.00
Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street

⤵ Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street Online Read ⦠ Kindle Ebook By Fred Schwed 䖝 Once I picked it up I did not put it down until I finished What Schwed has done is capture fully in deceptively cleanlanguage 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 ever written about WallStreet Jane Bryant Quinn, The Washington Post How great to have a reissue of a hilarious classic that provesthe things change the they stay the same Only the nameshave been changed to protect the innocent Michael Bloomberg It s amazing how well Schwed s book is holding up afterfifty five years About the only thing that s changed on WallStreet is that computers have replaced pencils and graph paper.Otherwise, the basics are the same The investor s need to believesomebody is matched by the financial advisor s need to make a niceliving If one of them has to be disappointed, it s bound to be theformer John Rothchild, Author, A Fool and His Money, FinancialColumnist, Time magazineHumorous and entertaining, this book exposes the folly andhypocrisy of Wall Street The title refers to a story about avisitor to New York who admired the yachts of the bankers andbrokers Naively, he asked where all the customers yachts were Ofcourse, none of the customers could afford yachts, even though theydutifully followed the advice of their bankers and brokers Full ofwise contrarian advice and offering a true look at the world ofinvesting, in which brokers get rich while their customers gobroke, this book continues to open the eyes of investors to thereality of Wall Street. 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