Where Are the Customers' Yachts? cover art

Where Are the Customers' Yachts?

or A Good Hard Look at Wall Street

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Where Are the Customers' Yachts?

Written by: Fred Schwed Jr., Peter Arno
Narrated by: Mark Moseley
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About this listen

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.

©1940, 1955, 1995, 2006 Fred Schwed, Jr. / Foreword ©1995 by John Wiley & Sons, Inc. / Introduction ©2006 by Jason Zweig (P)2012 Audible, Inc. Personal Finance Witty

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Profile Image for Dan M

Great book anybody interested in investing

Call moving, but a fascinating take almost done in three years ago but some of the things that just don’t change when it comes to investing strategy and mindset. Fantastic read

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