9780471770893-0471770892-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

ISBN-13: 9780471770893
ISBN-10: 0471770892
Edition: 1
Author: Fred Schwed
Publication date: 2006
Publisher: Wiley
Format: Paperback 208 pages
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Book details

ISBN-13: 9780471770893
ISBN-10: 0471770892
Edition: 1
Author: Fred Schwed
Publication date: 2006
Publisher: Wiley
Format: Paperback 208 pages

Summary

Acknowledged author Fred Schwed wrote Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street comprising 208 pages back in 2006. Textbook and eTextbook are published under ISBN 0471770892 and 9780471770893. Since then Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street textbook was available to sell back to BooksRun online for the top buyback price of $ 2.00 or rent at the marketplace.

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 open the eyes of investors to the reality of Wall Street.

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