Where Are the Customers' Yachts?
or A Good Hard Look at Wall Street
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Where Are the Customers' Yachts?
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Narrated by:
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Mark Moseley
Summary
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 open the eyes of investors to the reality of Wall Street.
(P)2012 Audible, Inc.Cycles come and go, this book however, will give you a huge insight into what not to do based on some of the most turbulent market times in the history of modern markets.
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A must for all those interested in markets
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Very relevant today
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looking at the past for the future
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