Where Are the Customers’ Yachts?: or A Good Hard Look at Wall Street Fred Schwed Jr. was a professional trader who got out of the market after losing a. Where are the Customers’ Yachts?: Or a Good Hard Look at Wall Street (Wiley Investment Classics) 1st Edition (English, Paperback, Fred Schwed, Marketplace . Where Are the Customers’ Yachts?: Or a Good Hard by. Fred Schwed Jr., Covers the gamut of financial players and the clients who bring them business.

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In the yacths of Peter Lynch, “if the only reason you can give when buying a stock is that the sucker is going up then probably you are not on the path to investing success” lol.

It’s an insightful and witty read as promised. A classic, in that is was written ina timeless classic in that is still rings solid and true. More proof, as if any more were needed, that Wall Street is full of dorks. I heard about this little book in Alice’s Schroeder The Snowball: Maybe that could help us be more objective and analytic, rather than panic-driven and instinctive.

Fred Schwed – Wikipedia

Then a long time later it turns out that I should have just bought them, and thereafter I should have just sat on them like a fat, stupid peasant. Maybe because we ought to ask ourselves whether investing really is all that deadly serious at all.


Although written 75 years ago, applies very well today. Mar 17, Dan Gabree rated it really liked it. Which should be pretty much anyone both on the inside and on the outside.

Thanks for the review, going to read it now. Where are the customers’ yachts?

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

But never within six months, of course. February 2,9: Naively, he asked where all the customers’ yachts were? Where Are the Customers’ Yachts: There are no discussion topics on this book yet. If you don’t you’ll end up doing nothing but making your broker happy.

Jul 03, Duncan rated it really liked it. No trivia or quizzes yet.

Fred Schwed

Sell all the stocks at the peak of the book and invest in bonds. So you’ve got a good broker making you lots of money?

With this realistic outlook on those career paths, I’d hardly convince myself to enter those golden-cow farms. Sadly, there is a lot of truth in that comment. Lists with This Book. About Fred Schwed Jr. This book is a little bit dated, but really it holds up pretty well. I find it especially amusing that almost nothing has changed in the last 75 years since the book was written in thehowever, this is, most likely, due to the fact that a biological machine, aka homo sapiens sapiens, is primarily lead by emotions such as greed and fear.


Goodreads helps you keep track of books you want to read. Brimming with amusing anecdotes and stories, this often hilarious cautionary tale is fully illustrated.

Where Are the Customers’ Yachts?: Or a Good Hard Look at Wall Street by Fred Schwed Jr.

Price vs value 5. The author presents some of the details and rational for different investment strategies. Want to Read Currently Reading Read.

Paperbackpages. One of the few books on subject that is actually funny and entertaining yet still conveys valuable lessons.

The language is a bit old but not so hard to follow. Schwed describes, tongue firmly in cheek, the possible mechanisms cudtomers joys of options trading.