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Where are the customers' yachts? or a good hard look at Wall Street

By: Schwed, Fred.
Contributor(s): Arno, Peter [Illustrator].
Series: Wiley Investment Classics. Publisher: New York John Wiley and Sons, Inc. 1995Description: xxx, 215 p.ISBN: 9780471119791.Subject(s): Wall Street | Stocks | Wall Street - Humor | Investments - Humor | InvestmentsDDC classification: 332.64273 Summary: 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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Books Vikram Sarabhai Library
Slot 713 (0 Floor, West Wing) 332.64273 S2W4 (Browse shelf) Available 166693

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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