"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 open the eyes of
investors to the reality of Wall Street.
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