‘As soon as I picked it up I didn’t put it down till I completed…What Schwed has achieved is seize fully-in deceptively clear language – the lunacy on the coronary heart of the funding enterprise’ – From the Foreword by Michael Lewis, Bestselling creator of “Liar’s Poker”. ‘…one of many funniest books ever written about Wall Avenue’ – Jane Bryant Quinn, “The Washington Publish”. ‘How nice to have a reissue of a hilarious basic that proves the extra issues change the extra they keep the identical. Solely the names have been modified to guard the harmless’ – Michael Bloomberg. ‘It’s wonderful how nicely Schwed’s e book is holding up after fifty-five years. About the one factor that’s modified on Wall Avenue is that computer systems have changed pencils and graph paper. In any other case, the fundamentals are the identical. The investor’s must consider any person is matched by the monetary advisor’s must make a pleasant dwelling. If certainly one of them must be disillusioned, it’s certain to be the previous’ – John Rothchild, Writer, “A Idiot and His Cash”, Monetary Columnist, “Time” journal. Humorous and entertaining, this e book exposes the folly and hypocrisy of Wall Avenue.
The title refers to a narrative a few customer to New York who admired the yachts of the bankers and brokers. Naively, he requested the place all the shoppers’ yachts had been? After all, not one of the clients might afford yachts, although they dutifully adopted the recommendation of their bankers and brokers. Filled with smart contrarian recommendation and providing a real take a look at the world of investing, wherein brokers get wealthy whereas their clients go broke, this e book continues to open the eyes of traders to the fact of Wall Avenue.
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