Fred Schweds Where Are The Customers Yachts

Author : Fred Schwed, Jr.
Publisher : Wiley
ISBN 13 : 9780471770893
Total Pages : 0 pages
Book Rating : 4.92/5 ( download)

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Download or read book Where Are the Customers' Yachts? written by Fred Schwed, Jr. and published by Wiley. This book was released on 2006-01-10 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.

Author : Leo Gough
Publisher : Infinite Success
ISBN 13 : 9781906821333
Total Pages : 0 pages
Book Rating : 4.3X/5 ( download)

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Download or read book Fred Schwed's Where are the Customers' Yachts? written by Leo Gough and published by Infinite Success. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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 Customers' Yachts? continues to open the eyes of investors to the reality of Wall Street today. Leo Gough's interpretation of Where are the Customers' Yachts? illustrates the timeless nature of Fred Schwed's insights. Bringing them to life through 52 modern case studies, this brilliant interpretation is an entertaining accompaniment to one of the most eye-opening books on investment ever written."--Publisher description.

Author : Michael C. Taylor
Publisher : Bloomsbury Publishing USA
ISBN 13 :
Total Pages : 215 pages
Book Rating : 4.87/5 ( download)

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Download or read book Financial Rules for New College Grads written by Michael C. Taylor and published by Bloomsbury Publishing USA. This book was released on 2018-04-12 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: An indispensable guide for any recent graduate that provides simple, easy-to-follow rules for making smart personal finance choices during the first decade of one's career. Having graduated from college with a degree, even the luckiest newly minted professionals—those who are able to quickly find a full-time job and support themselves—are often burdened with thousands of dollars in student loan debt. Many of these young professionals grow up hearing that they should not invest until their debt is paid off. Others fall too readily for investment scams or the siren call of instant entrepreneurship. Still others don't invest at all. From financial expert Michael C. Taylor comes a proposed means by which to not only pull oneself out of debt but to start building wealth from the first day on the job: adoption of modesty, skepticism, and optimism. The Financial Rules for New College Graduates explains that by embodying modesty, the opposite of status-seeking ostentation; skepticism, the ability to recognize scams, false promises, and the hyperbole and short-sightedness of financial media; and optimism, the belief that financial security can be yours with little to no risk, anyone can attain financial security. The early chapters address the role of interest rates, compound interest, and discounted cashflows, while the remaining chapters explore each of the most consequential personal finance choices that recent graduates will make in the first ten years of their career.

Author : Fred Schwed
Publisher :
ISBN 13 : 9780671813512
Total Pages : 0 pages
Book Rating : 4.1X/5 ( download)

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Download or read book Where Are the Customers' Yachts? written by Fred Schwed and published by . This book was released on 1940 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : John C. Bogle
Publisher : John Wiley & Sons
ISBN 13 : 1118238214
Total Pages : 391 pages
Book Rating : 4.19/5 ( download)

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Download or read book The Clash of the Cultures written by John C. Bogle and published by John Wiley & Sons. This book was released on 2012-07-05 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recommended Reading by Warren Buffet in his March 2013 Letter to Shareholders How speculation has come to dominate investment—a hard-hitting look from the creator of the first index fund. Over the course of his sixty-year career in the mutual fund industry, Vanguard Group founder John C. Bogle has witnessed a massive shift in the culture of the financial sector. The prudent, value-adding culture of long-term investment has been crowded out by an aggressive, value-destroying culture of short-term speculation. Mr. Bogle has not been merely an eye-witness to these changes, but one of the financial sector’s most active participants. In The Clash of the Cultures, he urges a return to the common sense principles of long-term investing. Provocative and refreshingly candid, this book discusses Mr. Bogle's views on the changing culture in the mutual fund industry, how speculation has invaded our national retirement system, the failure of our institutional money managers to effectively participate in corporate governance, and the need for a federal standard of fiduciary duty. Mr. Bogle recounts the history of the index mutual fund, how he created it, and how exchange-traded index funds have altered its original concept of long-term investing. He also presents a first-hand history of Wellington Fund, a real-world case study on the success of investment and the failure of speculation. The book concludes with ten simple rules that will help investors meet their financial goals. Here, he presents a common sense strategy that "may not be the best strategy ever devised. But the number of strategies that are worse is infinite." The Clash of the Cultures: Investment vs. Speculation completes the trilogy of best-selling books, beginning with Bogle on Investing: The First 50 Years (2001) and Don't Count on It! (2011)

Author : John Rothchild
Publisher : John Wiley & Sons
ISBN 13 : 9780471251385
Total Pages : 272 pages
Book Rating : 4.80/5 ( download)

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Download or read book A Fool and His Money written by John Rothchild and published by John Wiley & Sons. This book was released on 1998-03-30 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: "There is one thing that can be said about A Fool and His Moneythat cannot be said about any other colume of investment advice:You will never make a penny from the information in this book. Nowork on the subject of personal finance has even tried to make thisclaim before. That is because works on the subject of personalfinance are all lying. John Rothchild is the only fully honestauthor in the genre."--from the Foreword by P. J. O'Rourke. A veritable gold mine of comic insight into the predicament of anaverage investor's avid pursuit of wealth, A Fool and His Money isJohn Rothchild's critically acclaimed personal account of a yeardevoted to investing his money in the markets. The entireinvestment world--its characters, institutions, customs, andmyths-passes under Rothchild's sharp and profoundly humorousscrutiny. Acclaim for A Fool and His Money "What makes this book so good is that Rothchild can explain thingslike naked puts . . . and leave the reader both edified andlaughing. . . . Witty, fast-paced, and educational."--TheWashington Post. "You'll relish John Rothchild's comic tale. . . . The book nearsguaranteed delight."--Newsday. "A Fool and His Money may be the funniest book about investing everwritten. It's a reader's capital gain."--New York Post. You set aside some money, quit your job, devote yourself entirelyto studying the markets, and start to invest. Then, through hardwork and your own magical intuition, you become so wealthy yourmajor concern is finding a fashionable hobby to soak up yourabundant leisure time. All in about a year. Now, thanks to this hugely entertaining and informative book, youcan live out the fantasy without risking your money, your job--oryour sanity. Since its acclaimed debut a decade ago, A Fool and His Money hasbecome a treasured investment classic. It's the comic, firsthandaccount of a first-time investor who sets out to make his wildestmoney dreams come true. In a surge of optimism and enterprise, financial writer JohnRothchild drops everything to devote an entire year to learning howto invest a modest sum of money. Motivated by a sincere desire toget rich, he undertakes his mission by systematically studying asmuch as he can about the markets and how they really operate. Hefearlessly asks the most basic questions, observes theprofessionals at work, studies the newsletters, makes investments,and reports back on everything--including his own highly personaland often hilarious reactions. With Rothchild as your guide through the marketplace, you will: * Eavesdrop as his broker explains in fluent double-talk why heshould buy a certain "hot stock" * Share in his buyer's remorse as Rothchild purchases an unknowntechnology company stock that puts him on an emotional rollercoaster * Be humbled as he enters the almighty Federal Reserve Bank andstruggles to understand its omnipotent power over his personalfinances * Witness the excitement and confusion of the Commodities Exchangeand find out what pork bellies really are * Hear firsthand the enigmatic and undoubtedly wise words ofvarious wizards of Wall Street * Sympathize with Rothchild as he explains his transactions to hisloved ones * Blush as he shamelessly attempts to deceive them. In a gesture of pure magnanimity, Rothchild also includes thehard-won bits of wisdom he calls his "25 Useful Tips"--whichinclude such sage advice as "Never buy anything from a broker at anairport"--and his handy "Fool's Glossary," which clarifies many ofthe technical terms used in the book. Clever, funny, and informative, A Fool and His Money will rewardinvestors at all levels of experience with a revelation on everypage.

Author : Philip L. Carret
Publisher : Pickle Partners Publishing
ISBN 13 : 1786256746
Total Pages : 228 pages
Book Rating : 4.44/5 ( download)

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Download or read book The Art Of Speculation written by Philip L. Carret and published by Pickle Partners Publishing. This book was released on 2015-11-06 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Philip L. Carret (1896-1998) was a famed investor and founder of The Pioneer Fund (Fidelity Mutual Trust), one of the first Mutual Funds in the United States. A former Barron’s reporter and WWI aviator, Carret launched the Mutual Trust in 1928 after managing money for his friends and family. The initial effort evolved into Pioneer Investments. He ran the fund for 55 years, during which an investment of $10,000 became $8 million. Warren Buffett said of him that he had “the best long term investment record of anyone I know” He is most famous for the long successful track record he achieved investing in Common Stocks and for being one of Warren Buffett’s role models. This book comprises a series of articles written for Barron’s and published in book form in 1930.—Print Ed.

Author : Regina Fazio Maruca
Publisher : Praeger
ISBN 13 :
Total Pages : 198 pages
Book Rating : 4.75/5 ( download)

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Download or read book What Managers Say, What Employees Hear written by Regina Fazio Maruca and published by Praeger. This book was released on 2006-04-30 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a wake-up call for any executive who thinks front-line employees give a damn. In retail stores, on shop floors, and in offices around the country (and around the world), a refrain of disillusionment and distrust is being sung, and its negative effects on corporate performance— e.g., employee retention, productivity, customer relationships—are profound. A huge gulf exists between the corner office and the cubicle, in terms of how people define their company's brand, vision, strategy, and goals, and the means to achieve them. Even enlightened business leaders, who support cultures of inclusion and open communication, find that their messages aren't getting through—the quantity of information available to front-line employees has increased, but the quality, in terms of both transmission and reception, has not. What Managers Say, What Employees Hear reveals the roots and effects of these problems, and presents a wealth of practical insights for addressing them. Former Harvard Business Review Senior Editor, Regina Maruca, has assembled an all-star cast of management writers, consultants, educators, and practitioners to provide fresh insights for bridging the gaps between management and employees—and improving everyone's performance in the process. Showcasing innovative practices in corporate strategy, communications, operations, customer service, and employee training at such world-class organizations as eBay, Radio Shack, Southwest Airlines, Bank of America, and Enterprise Rent-A-Car, the book demonstrates the positive effects of aligning goals and actions, building trust, and investing in the front line.

Author : Bill Schultheis
Publisher : Penguin
ISBN 13 : 1101050381
Total Pages : 224 pages
Book Rating : 4.85/5 ( download)

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Download or read book The Coffeehouse Investor written by Bill Schultheis and published by Penguin. This book was released on 2009-04-16 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1998, after thirteen years of providing investment advice for Smith Barney, Bill Schultheis wrote a simple book for people who felt overwhelmed by the stock market. He had discovered that when you simplify your investment decisions, you end up getting better returns. As a bonus, you gain more time for family, friends, and other pursuits. The Coffeehouse Investor explains why we should stop thinking about top-rated stocks and mutual funds, shifts in interest rates, and predictions for the economy. Stop trying to beat the stock market average, which few “experts” ever do. Instead, just remember three simple principles: Don’t put all your eggs in one basket. There’s no such thing as a free lunch. And save for a rainy day. By focusing more on your passions and creativity and less on the daily ups and downs, you will actually build more wealth—and improve the quality of your life at the same time.

Author : Harry Browne
Publisher : Fireside
ISBN 13 : 9780671672928
Total Pages : 563 pages
Book Rating : 4.24/5 ( download)

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Download or read book Why the Best-Laid Investment Plans Usually Go Wrong written by Harry Browne and published by Fireside. This book was released on 1989-01-01 with total page 563 pages. Available in PDF, EPUB and Kindle. Book excerpt: Teaches investors how to understand their own financial problems while establishing diversified and balanced permanent portfolios and decide what to hold or risk in their variable portfolios