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R. Duncan

Canada

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  • Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street | [Fred Schwed Jr., Peter Arno]
    Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street
    UNABRIDGED

    Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street

    • UNABRIDGED (4 hrs and 5 mins)
    • By Fred Schwed Jr., Peter Arno
    • Narrated By Mark Moseley
    Overall
    (1)
    Performance
    (1)
    Story
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    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.

    R. Duncan says: "What is Old is New Again"
    "What is Old is New Again"
    Overall
    Performance
    Story

    The author has an amusing style. Much of his story of the shenanigans of Wall Street is as true today as it was back in the Roaring Twenties. Listening to this reading is enjoyable and educational. For serious investors and those with a general interest in investing, it is very helpful. From a Behavioral Finance point of view, I found it especially informative.

    0 of 0 people found this review helpful

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