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

About this book

"Once I picked it up I did not put it down until I finished . . .What Schwed has done is capture fully-in deceptively cleanlanguage-the lunacy at the heart of the investment business."-Fromthe Foreword by Michael Lewis Bestselling author of LiarsPoker This hilarious portrait of everyday Wall Street and its denizensrings as true today as it did when it was first published in 1940.Writing with a rare mixture of wry cynicism and bonhomiereminiscent of Mark Twain and H. L. Mencken Fred Schwed Jr. skewers everyone including himself in his brilliant send-ups ofbankers brokers traders investors analysts and haplesscustomers. "How great to have a reissue of a hilarious classic that proves themore things change the more they stay the same. Only the names havebeen changed to protect the innocent." -Michael BloombergPresident Bloomberg LP ". . . one of the funniest books ever written about WallStreet."-Jane Bryant Quinn The Washington Post "Its amazing how well Schweds book is holding up after 55 years.About the only thing thats changed on Wall Street is thatcomputers have replaced pencils and graph paper. Otherwise thebasics are the same. The investors need to believe somebody ismatched by the financial advisors need to make a nice living. Ifone of them has to be disappointed its bound to be theformer."-John Rothchild Author A Fool and His Money FinancialColumnist Time magazine "A delightful classic and reminder of excesses past and how littlethings change." -Bob Farrell Senior Vice President Merrill Lynch