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
All stars
Most relevant
You won't feel that this is a book written decades ago describing the events of the roaring 20s (a century ago). A treasure trove of Timeless lessons which can and should be applied to modern Investing.

Exemplary prose and funny beyond belief. You'll be holding your stomach in pain due to the excessive laughter which this book illicits.

Although not filled with statistics and jargons it's observations and advices are first rate for anyone who wants to get into Investing or improve their financial standing.

Fred Schwed Jr. really should've written more, but we shall suffice ourselves with this precious nugget.

The narration is fantastic. Well done on the audio, it's almost as if you're reading it in your own words out loud.

Witty & Truthful

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