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

Author(s)

    • Schwed, Fred, 1901 or 2

Bibliographic Information

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

Fred Schwed, Jr. ; illustrated by Peter Arno

(Wiley investment classics)

Wiley, c1995

  • pbk

Other Title

Good hard look at Wall Street

Available at  / 7 libraries

Search this Book/Journal

Note

Originally published: New York : Simon & Schuster, 1940

Description and Table of Contents

Volume

pbk ISBN 9780471119784

Description

"Once I picked it up I did not put it down until I finished ...What Schwed has done is capture fullyin deceptively clean languagethe lunacy at the heart of the investment business. "From the Foreword by Michael Lewis, Bestselling author of Liar's Poker This hilarious portrait of everyday Wall Street and its denizens rings as true today as it did when it was first published in 1940. Writing with a rare mixture of wry cynicism and bonhomie reminiscent of Mark Twain and H. L. Mencken, Fred Schwed, Jr. , skewers everyone including himself in his brilliant send-ups of bankers, brokers, traders, investors, analysts, and hapless customers. "How great to have a reissue of a hilarious classic that proves the more things change the more they stay the same. Only the names have been changed to protect the innocent. " Michael Bloomberg President, Bloomberg, LP " ...one of the funniest books ever written about Wall Street. "Jane Bryant Quinn, The Washington Post "It's amazing how well Schwed's book is holding up after 55 years. About the only thing that's changed on Wall Street is that computers have replaced pencils and graph paper. Otherwise, the basics are the same. The investor's need to believe somebody is matched by the financial advisor's need to make a nice living. If one of them has to be disappointed, it's bound to be the former. "John Rothchild, Author, A Fool and His Money Financial Columnist, Time magazine "A delightful classic and reminder of excesses past and how little things change. " Bob Farrell, Senior Vice President, Merrill Lynch

Table of Contents

Financiers and Seers. CustomersThat Hardy Breed. Investment TrustsPromises and Performance. The Short SellerHe of the Black Heart. Puts, Calls, Straddles, and Gabble. The ''Good'' Old Days and the ''Great'' Captains. InvestmentMany Questions and a Few Answers. ReformSome Yeas and Nays.
Volume

ISBN 9780471119791

Description

"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 Liar'sPoker 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 "It's amazing how well Schwed's book is holding up after 55 years.About the only thing that's changed on Wall Street is thatcomputers have replaced pencils and graph paper. Otherwise, thebasics are the same. The investor's need to believe somebody ismatched by the financial advisor's need to make a nice living. Ifone of them has to be disappointed, it's 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

Table of Contents

Introduction xiii Jason Zweig Foreword to the 1995 Edition xxi Michael Lewis Introduction to the 1955 Bull Market Edition xxv 1 Introduction - "The Modest Cough of Minor Poet" 3 The Validity of Financial Predictions The Passion for Prophecy When the Bull jumped over the Moon II Financiers and Seers 23 Big Banking - Nice work if you can get it Some Assistant Tycoons The Fruit on the Blossom of Thought Wall Street Semantics Chartists The Pay The Difficulties of "Earning" Money An Art Without a Muse A Little Aptitude Test III Customers - That Hardy Breed 49 Varieties of Customers How to Get Customers Margin What to Do When the Dam Bursts Some Case Histories and a Diagnosis Churning Money as a Career IV Investment Trusts - Promises and Performance 67 Stop Making Your Own Mistakes Where is the Catch? The Hell-Paving Construction Company The Trouble with the "Best" Securities The $750,000 Bird By Way of Apology The Magical Investment Corporation V The Short Seller - He of the Black Heart 87 For the Defense A Different Defense With and Without Bears Bear Raiding VI Puts, Call, Straddles, and Gabble 105 What Options are (More or Less) In Defense of the Pure Gamble The Catch VII The "Good" Old Days and the "Great" Captains 117 The I.Q. of a Big Shot Speculation on Speculation A Brief Excursion into Probabilities Down will Come Baby "They" Manipulators A Bowl of Nickels VIII Investment - Many Questions and a Few Answers 135 Headaches of the Wealthy A Little Wonderful Advice Price and Value - Our Special Market Letter Cash as a Long-Term Investment Your Way of Life and the Basis Book IX Reform - Some Yeas and Nays 153 Was it Stolen or Did you Lose It? Nobody Loves a Specialist Horizons and Limits of Regulation Inconclusions About the Author 171

by "Nielsen BookData"

Related Books: 1-1 of 1

Details

Page Top