Discover the timeless classic, 'Where Are the Customers' Yachts?', a brilliant and humorous take on the investment industry. This insightful book, penned by Fred Schwed Jr., probes the absurdities of Wall Street, expertly highlighting the disparities between the wealth of financial advisors and their clients. If you're looking for a compelling read that blends humor with critical financial insights, this is it. First published over fifty years ago and reissued for a new generation, this book uses witty prose to expose the irony of the stock market and the financial services industry. The title itself is derived from a whimsical story that captures the essence of the investment advisory world—an inquiry about the elusive yachts owned by customers, juxtaposed against the opulent boats of bankers and brokers. With 208 pages of enlightenment, it serves as both a mirror reflecting the ongoing dynamics of the financial world and a guide for investors who dare to wade through the murky waters of Wall Street. Schwed’s work continues to resonate, providing contrarian advice while making readers laugh. Whether you are an experienced investor or a novice seeking knowledge, 'Where Are the Customers' Yachts?' is essential reading for anyone interested in understanding the truth behind investing. It’s a book that you will not want to put down once you've started. Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled. Condition: BRAND NEW. ISBN: 9780471770893. Year: 2005. Publisher: John Wiley & Sons Inc (US)

Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.

Condition: BRAND NEW
ISBN: 9780471770893
Year: 2005
Publisher: John Wiley & Sons Inc (US)
Pages: 208


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 ever written about Wall
Street."
-- Jane Bryant Quinn, The Washington Post


"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


"It's amazing how well Schwed's book is holding up after
fifty-five years. About the only thing that's changed on Wall
Street is that computers have replaced pencils and graph paper.
Otherwise, the basics are the same. The investor's need to believe
somebody is matched by the financial advisor's need to make a nice
living. If one of them has to be disappointed, it's bound to be the
former."
-- John Rothchild, Author, A Fool and His Money, Financial
Columnist, Time magazine


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