Where Are the Customers' Yachts?: Or a Good Hard Look at Wall Street
- Book
- 1940
- #Finance
"Once I picked it up I did not put it down until I finished. . . . What Schwed has done is capture fully-in deceptively clean language-the lunacy at the heart of the investment busi...
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Number of Pages: 170
ISBN: 0471770892
ISBN-13: 9780471770893
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Jason Zweig @JasonZweig
·
Nov 25, 2014
- Curated in Best Books For Investors: A Short Shelf
First published in 1940, this is the funniest book ever written about investing — and one of the wisest. Schwed, a veteran of Wall Street who survived the Crash of 1929, knew exactly how the markets worked back then. Nothing has changed. Turning to any page at random, you will find gleefully sarcastic observations that ring at least as true today as they did three-quarters of a century ago. My favorite: “At the end of the day [fund managers] take all the money and throw it up in the air. Everything that sticks to the ceiling belongs to the clients.”
Jason Zweig @JasonZweig
·
Nov 25, 2022