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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Book Review: Where Are The Customers’ Yachts by Fred Schwed

Helpfully, he follows that up with a few explanations of how puts and yacht and straddles work, although mostly he describes the funny patter of options traders attempting to attract customers. Feb 11, SallyStenger added it.

It is especially funny to see that almost all of this folly, 73 years later, is still all around us with the addition of some other new ones. Sadly, the signs of this phenomenon are everywhere.

Although written 75 years ago, applies very well today. Leave a Reply Cancel reply Yachtts email address will not be published. Apr 07, Aleksandr Batalov rated it it was amazing. Quotes from Where Are the Cus Apr 07, Freed rated it really liked it. Maybe we should treat it like everything else that we are good at – something that captures our interest and doesn’t scare us. February 2,9: Both from the customers and the people within the wheer itself. A good combination of super-funny, but also true and useful.


This is something worthy of inspection and criticism – or satire, as the title suggests. Speculation is almost nothing but coin flipping.

Fred Schwed – Wikipedia

Return to Book Page. In the words of Peter Lynch, “if the only reason you can give when buying a stock is that the suck I heard about this little book in Alice’s Schroeder The Snowball: Then a long sdhwed 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. As my close personal friend Steve Martin says, the French have a different word for practically everything.

His insights are as fresh as ever, and now most new “experts” on the matter e. Regardless, age author does a great job of explaining terms and making all of the 3 page chapters pretty digestible. Mar 17, Dan Gabree rated it really liked it. Design by Sweb Development.

When it’s bust buy the stocks from the people who are dying to sell the stock by selling bonds even at loss and stocks may go down further don’t pay attention and wait until the peak of 1.

Sep 21, Terry Koressel rated it it was ok. Jan 13, Hanno rated it it was amazing Shelves: A humorous look at the people, practices and myths that make up the investment business.

Read this awesome book.


An inside look of the wall street from back in the early days. Good reminder that in whatever has to do with money, the lunacy remains and history repeat itself. Preview — Where Are the Customers’ Yachts? I heard about this little book in Alice’s Schroeder The Snowball: If you don’t you’ll end up doing nothing but making your broker happy.

Aug rred, Justin rated it it was ok Shelves: As a financial author myself, I’m jealous of the way Fred Schwed Jr.

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

Some of it is pretty oblique. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little. Oct 30, Whre rated it it was amazing. Mar 02, Mat rated it liked it. If one of them has to be disappointed, it’s bound to be the former.

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

Sometimes I procrastinate reading something really important to the point that I want to kick myself. Be the first to ask a question about Where Are the Customers’ Yachts?

I received a link from a friend genuinely concerned about this headline in the beginning of