Ebook: Fred Schwed's Where are the customers' yachts?: a modern-day interpretation of an investment classic

Front Cover; Front Page; Title Page; Copyright; Table of Contents; Introduction; 1 Increasing your savings income -- the wrong way; 2 Speculation; 3 Share prices don't always go up; 4 The future of investment; 5 Booms go 'boom'!; 6 Professional stock-picking; 7 Spend your income, not your capital; 8 Capital Markets; 9 Probability; 10 Who to blame?; 11 Popular shares; 12 Derivatives; 13 Stock indices; 14 The trouble with accounting; 15 No momentum in prices; 16 Technical analysis; 17 Good stories; 18 Nanny state?;"The title of this 1955 book 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, 'Where are the customer's yachts' continues to open the eyes of investors to the reality of Wall Street. Here, Leo Gough's interpretation of 'Where are the customer's yachts' illustrates the timeless nature of Fred Schweb's insights by bringing them to life through 52 modern case studies. This brilliant interpretation is an entertaining accompaniment to one of the most famous books on investment ever written."--Resource description page.