Where Are the Customers' Yachts? Audiobook By Fred Schwed Jr., Peter Arno cover art

Where Are the Customers' Yachts?

or A Good Hard Look at Wall Street

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Where Are the Customers' Yachts?

By: Fred Schwed Jr., Peter Arno
Narrated by: Mark Moseley
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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.
Personal Finance Wall Street
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What listeners say about Where Are the Customers' Yachts?

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Comedy more than anything

Was a descent book, more comedy about wall street than anything else. Still worth a listen for entertainment only

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    5 out of 5 stars
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    4 out of 5 stars

Great read after working with Private equity

most people on Wall Street aren’t any luckier or any smarter than the average person. After working with Private Equity I came to really appreciate the humor. Hit me at the right time

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Very entertaining!

I recommend this to anyone interested in gaining insight into investing in a light, easy manner. This was very entertaining indeed

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Surprisingly good!

I was blown away by how entertaining and insightful this book is, considering how long ago it was written.

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entertaining and enduring

markets and investors haven't changed much over last century. concise , insightful, and funny. recommended for anyone want to get an honest and piercing take and wall street

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Relevant Insights for today

Amazing to think this was written so long ago…. Demonstrates that Wall Street hasn’t changed much

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Keep reading and finish this book for a good laugh!

Funny, informative, and generally light on material and wisdom. This book was definitely worth a read for a couple of good laughs. And the author is not wrong. The world needs Wall Street. But nobody, not even those on Wall Street, can truly know what they are doing when it comes to investing due to psychological, social, and political forces.

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Pretty funny

Very entertaining. I did get a few laughs out of it. Great advice in a not direct way.

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Laughing at myself, most enjoyably

No one, having dabbled in active securities trading for longer than a year, should put off reading this book, even a moment longer. You owe it to yourself to take a good, solid look in the mirror and explore the mirth of seeing the absurdity of it all. I still trade and will still trade and will likely make a tradition of reading this book at the end of every fiscal year.

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Things haven't changed much since 1930. Yet they have

This book has a great title. And the title poses an interesting question regarding client market success. But it doesn't deliver on that.
This is a light hearted poke and jab at Wall Street.
You won't likely learn anything new from this book. it isn't insightful or profound, but it is fun in a Dad joke kind of way.
You won't laugh out loud, but groans aren't part of the mix either.

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