Where Are the Customers' Yachts?
or A Good Hard Look at Wall Street
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Where Are the Customers' Yachts?
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Narrated by:
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Mark Moseley
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.Listeners also enjoyed...
What listeners say about Where Are the Customers' Yachts?
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Jake
- 01-10-21
Fast, funny & interesting
Excellent quick book on the working and experience of one man on Wall Street. Good if you are just getting into investing or if you want something to listen to on an evening.
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Overall4 out of 5 stars
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Performance5 out of 5 stars
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Story4 out of 5 stars
- Mr
- 11-02-23
A witty collection of musings on human folly.
First written in 1940, many of these wry observations on the wacky and irrational ways humans approach finance can still be seen in full swing. Much has of course changed in the last 80 odd years and some of it is inevitably anachronistic, but the core themes of people over-estimating their own foresight and blaming everyone but themselves for the outcomes - will find plenty of modern parallels in any readers mind. It helps that Schwed comes across as someone overserving universal human failings rather than setting himself up as a wise exception to them, as some authors on this subject occasionally do. It's a fun little listen that will entertain for a few hours even if one is not closely familiar with the finance industry.
The narrator is excellent and really brings out the author's tone and style of writing.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- TN
- 26-09-23
Genius
I’ve come to this 25yrs too late. Or perhaps, having recently left the industry, at just the right time.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Anonymous User
- 11-01-24
It sems to holdingbolag upp in 2024
This in a book that I lyssend to becours it was om Charlie Mungers reading list an and The book and Charlie always delivers thatful idéer.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Ndubuisi Egwim
- 18-06-22
Funtastic, unputdownable
Loved every line of it, dripping with wit and humour yet very insightful and well ahead of its time.
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Overall5 out of 5 stars
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Story5 out of 5 stars
- Tom
- 22-09-22
Cynical view of Wall Street
The book is very entertaining and easy to listen. Descriptive and humorous narrative brings to light hypocrisy of the Wall Street with lots of irony and satire.
The book is not a manual of how to invest or what to avoid rather enjoyable and fun view of the financial madness and absurdity back in 50’s which also is sadly present today.
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