Where Are the Customers' Yachts or A Good Hard Look at Wall Street [Hardcover]

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

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