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Where Are the Customers' Yachts?Discover the timeless classic, 'Where Are the Customers' Yachts?', a brilliant and humorous take on the investment industry. This insightful book, penned by Fred Schwed Jr., probes the absurdities of Wall Street, expertly highlighting the disparities between the wealth of financial advisors and their clients. If you're looking for a compelling read that blends humor with critical financial insights, this is it. First published over fifty years ago and
Discover the timeless classic, 'Where Are the Customers' Yachts?', a brilliant and humorous take on the investment industry. This insightful book, penned by Fred Schwed Jr., probes the absurdities of Wall Street, expertly highlighting the disparities between the wealth of financial advisors and their clients. If you're looking for a compelling read that blends humor with critical financial insights, this is it. First published over fifty years ago and reissued for a new generation, this book uses witty prose to expose the irony of the stock market and the financial services industry. The title itself is derived from a whimsical story that captures the essence of the investment advisory world—an inquiry about the elusive yachts owned by customers, juxtaposed against the opulent boats of bankers and brokers. With 208 pages of enlightenment, it serves as both a mirror reflecting the ongoing dynamics of the financial world and a guide for investors who dare to wade through the murky waters of Wall Street. Schwed’s work continues to resonate, providing contrarian advice while making readers laugh. Whether you are an experienced investor or a novice seeking knowledge, 'Where Are the Customers' Yachts?' is essential reading for anyone interested in understanding the truth behind investing. It’s a book that you will not want to put down once you've started. Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled. Condition: BRAND NEW. ISBN: 9780471770893. Year: 2005. Publisher: John Wiley & Sons Inc (US)Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Condition: BRAND NEW
ISBN: 9780471770893
Year: 2005
Publisher: John Wiley & Sons Inc (US)
Pages: 208
Description:
"Once I picked it up I did not put it down until I finished. . . .
What Schwed has done is capture fully-in deceptively clean
language-the lunacy at the heart of the investment business."
-- From the Foreword by Michael Lewis, Bestselling author of
Liar's Poker
". . . one of the funniest books ever written about Wall
Street."
-- Jane Bryant Quinn, The Washington Post
"How great to have a reissue of a hilarious classic that proves
the more things change the more they stay the same. Only the names
have been changed to protect the innocent."
-- Michael Bloomberg
"It's amazing how well Schwed's book is holding up after
fifty-five years. About the only thing that's changed on Wall
Street is that computers have replaced pencils and graph paper.
Otherwise, the basics are the same. The investor's need to believe
somebody is matched by the financial advisor's need to make a nice
living. If one of them has to be disappointed, it's bound to be the
former."
-- John Rothchild, Author, A Fool and His Money, Financial
Columnist, Time magazine
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, this book continues to
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4.3 ★★★★★
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Product Reviews
★★★★★ 5
A very good study book
Format: Paperback
A very good study book for NCLEX. It is to the point making it easy to understand. I used it in addition to Mark K notes and audio and passed my NCLEX in the first try, and i did only minimum questions. I never used anything else to study.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on March 8, 2026
★★★★★ 5
Great Book for Studying to Take the NCLEX
Format: Paperback
Excellent!
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on May 8, 2026
★★★★★ 5
Easy to study and understand
Format: Paperback
This book is easy to read and i tend to recall information better after reading it. It breaks down topics and focused on the important information or a must to know for NCLEX. I will recommend this book to anyone taking NCLEX.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on January 9, 2026
★★★★★ 4
Great book!
Format: Paperback, Format: Paperback
I am still in nursing school- but I like to try read and gain knowledge ahead of time. I do this so that with upcoming semesters, the concepts are not completely foreign to me and I’m not blindsided by new topics. I have been following a lot of the YouTube videos with Mark and Dr. Sharon and have found them very educational even while in nursing school. I purchased this book and I really am happy with it. I was hoping it would have offer more info in it , maybe some more facts here and there but it’s basically an answer bank. It does have some small facts but they are not in depth at all- just mainly recall information. It really is based off just past memory from your education. For me personally, I find this book pretty useful to have if you feel confident in all topics- and plan to go for your NCLEX..however, if you’re still a bit rusty on some topics, you won’t really be able to rely solely on this book to brush up on information- not in a manner of depth (which I guess is the point). I think applying his lectures, listening to their YouTube videos and applying this book would make the ultimate go-to. The book alone is wonderful- but it’s simply just answer banks to help recall the info. Which is great if you’re looking for strictly recall.
I was fortunate enough to find his lectures on Reddit along with some of the “yellow pages” from other students. I can apply that with this book and be confident in upcoming tests , as his lectures are incredible.
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Reviewed in the United States on April 28, 2026
★★★★★ 5
The Blue Book
Format: Paperback
I am sooooooo happy I bought this book!! It breaks down nursing into easy understandable language. Certain things I was struggling with like ABG’s and acid base balance, this book makes it easy to understand. Thank you Mark Klimek!
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on June 2, 2026
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