Where Are the Customers' Yachts?
Where Are the Customers' Yachts?
Fred Schwed
Warren Buffett
The funniest book ever written about investing. - Warren Buffett
Mike Novogratz
Read this book. And know that Defi is coming after the Wall Street. - Mike Novogratz
+
2
All books

Where Are the Customers' Yachts?

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

Fred Schwed
By
Fred Schwed
3.9
192
ratings on Goodreads

In the timeless classic 'Where Are the Customers' Yachts?', Fred Schwed takes us on a wry and insightful journey through the opulent yet deceitful corridors of Wall Street. With a wit sharp enough to slice through the dense fog of financial jargon, Schwed exposes the absurdities of an industry built on the precarious dreams of its patrons. The title itself is a satirical jab at the heart of financial elitism, stemming from a tale of a naive visitor who, upon seeing the lavish yachts owned by bankers and brokers, wonders where the customers' yachts are docked. Of course, the punchline hits hard with the realization that the customers, despite their investments, could hardly afford rowboats, let alone yachts. Schwed's book, adorned with humor that has not aged a day since its first publication, serves as a beacon of sanity in the often irrational world of investment. Through clever anecdotes and timeless wisdom, it delivers a crucial critique of the financial advisement industry, where the interests of the clients often become secondary to the profit motives of their advisors. 'Where Are the Customers' Yachts?' is not just a hilarious exploration of Wall Street's lunacy but a must-read for anyone looking to navigate the treacherous waters of investment with their finances—and their sanity—intact. This book remains a pillar of financial literature, reminding readers that in the grand casino of Wall Street, the house always wins—unless, of course, you're wise to their game.

Read more
Released
1940
1 Jan
Length
208
Pages

2

recommendations

recommendation

Read this book. And know that Defi is coming after the Wall Street. - Mike Novogratz
The funniest book ever written about investing. - Warren Buffett
Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little.
— Fred Schwed, Where Are the Customers' Yachts?

Similar recommendations

View all
The Intelligent Investor
7
people
person
The Psychology of Money
7
people
person
The Most Important Thing
5
people
person
The Richest Man in Babylon
5
people
person
I Will Teach You To Be Rich
4
people
person
Security Analysis
Security Analysis
Benjamin Graham
4
people
person
The Dao of Capital
The Dao of Capital
Mark Spitznagel
4
people
person
When Genius Failed
When Genius Failed
Roger Lowenstein
4
people
person
MONEY Master the Game
4
people
person
Against the Gods
Against the Gods
Peter L. Bernstein
3
people
person

This site is part of Amazon’s Associates Program. Purchasing books recommended by successful individuals through my links earns us a small commission, helping keep the site running, at no additional cost to you. Thank you for supporting our site!