Where Are the Customers' Yachts?: Or A Good Hard Look at Wall Street, Fred Schwed
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Where Are the Customers' Yachts?: Or A Good Hard Look at Wall Street

Author: Fred Schwed

Narrator: Mark Moseley

Unabridged: 4 hr 2 min

Format: Digital Audiobook

Publisher: Recorded Books

Published: 09/03/2020

Genre: Business & Economics - Investments & Securities

Synopsis

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.

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