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Title details for Fred Schwed's Where are the Customer's Yachts? by Leo Gough - Available

Fred Schwed's Where are the Customer's Yachts?

by Leo Gough
ebook
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According to an old joke, a visitor to New York who was admiring the yachts of the bankers and brokers naively 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. The customers had not got rich from the stock market. Although Fred Schwed had a deep understanding of and few illusions about the world of investment Where are the Customers' Yachts? is very far from cynical. Schwed's insight into the psychology of investment professionals and their customers is as relevant today as it was in 1940. He did not say that investment is pointless, or that private investors never make any money. Rather, he cast doubt on the ability of the financial services industry to provide any really valuable advice to its customers. Leo Gough's interpretation of Where are the Customers' Yachts? brings Schwed's insights to life with modern examples. Readers will discover: • How to spend their income, not their capital; • That just because someone works in the stock market doesn't mean they are a good investor; • Why exceptions are the rule; • How to ride the winner and avoid the collapses; • The secret of the 'fat, stupid peasant' approach. Gough explains why investment is ultimately about psychology rather than numbers. This lucid, concise and jargon-free book shows you how you can adopt Schwed's original techniques and become a real investment ace. This interpretation of Fred Schwed's Where are the Customers' Yachts? illustrates the timeless nature of Schwed's insights by placing them in a twenty-first century context and is an inspiring reworking of one of the most influential investment books ever written.
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Series: Infinite Success Publisher: Infinite Ideas Ltd

Kindle Book

  • Release date: July 1, 2011

OverDrive Read

  • ISBN: 9781908189608
  • Release date: July 1, 2011

EPUB ebook

  • ISBN: 9781908189608
  • File size: 688 KB
  • Release date: July 1, 2011

Formats

Kindle Book
OverDrive Read
EPUB ebook

subjects

Business Finance Nonfiction

Languages

English

According to an old joke, a visitor to New York who was admiring the yachts of the bankers and brokers naively 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. The customers had not got rich from the stock market. Although Fred Schwed had a deep understanding of and few illusions about the world of investment Where are the Customers' Yachts? is very far from cynical. Schwed's insight into the psychology of investment professionals and their customers is as relevant today as it was in 1940. He did not say that investment is pointless, or that private investors never make any money. Rather, he cast doubt on the ability of the financial services industry to provide any really valuable advice to its customers. Leo Gough's interpretation of Where are the Customers' Yachts? brings Schwed's insights to life with modern examples. Readers will discover: • How to spend their income, not their capital; • That just because someone works in the stock market doesn't mean they are a good investor; • Why exceptions are the rule; • How to ride the winner and avoid the collapses; • The secret of the 'fat, stupid peasant' approach. Gough explains why investment is ultimately about psychology rather than numbers. This lucid, concise and jargon-free book shows you how you can adopt Schwed's original techniques and become a real investment ace. This interpretation of Fred Schwed's Where are the Customers' Yachts? illustrates the timeless nature of Schwed's insights by placing them in a twenty-first century context and is an inspiring reworking of one of the most influential investment books ever written.
Expand title description text
Business Finance Nonfiction