Fred Schwed's Where are the Customers' Yachts? : A modern-day interpretation of an investment classic

Format:

Book

Author/Creator:

Gough, Leo.

Series:

Infinite Success Series

Language:

English

Subjects (All):

Investments--Humor.

Investments.

Stocks--Humor.

Stocks.

Schwed, Fred, 1901 or 1902-1966. Where are the customers' yachts?.

Schwed, Fred.

Wall Street (New York, N.Y.).

Local Subjects:

Investments--Humor.

Investments.

Stocks--Humor.

Stocks.

Physical Description:

1 online resource (119 p.)

Place of Publication:

Oxford : Infinite Ideas, 2010.

Language Note:

English

Summary:

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. Here, Leo Gough's interpretation of Where are the customer's yachts illustrates the timeless nature of

Contents:

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?

19 Just because someone works in the stock market doesn't mean they are a good investor20 Diversification; 21 Having your cake and eating it; 22 Exceptions are the rule; 23 Fundamental Analysis; 24 New Issues; 25 Trustees, Executors and Lawyers; 26 Retirement planning; 27 Index investing; 28 Don't invest on a high; 29 Companies don't often turn around; 30 Ride the winners; 31 The trouble with transaction costs; 32 Crooks; 33 Avoiding the big collapses; 34 Counter-cyclical investment; 35 Globalisation; 36 Numeracy required; 37 Short selling; 38 Those crazy regulators; 39 Collective investments

40 Mergers and acquisitions41 Massaging the figures; 42 Looking for bargains; 43 Discounted cash flow; 44 Stock market newsletters; 45 Life plan; 46 Hedge funds; 47 Some important basics; 48 Behavioural finance; 49 Business is hard; 50 Loss; 51 The 'fat, stupid peasant' approach; 52 Books on the stock market; Index

Notes:

Description based upon print version of record.

Includes index.

ISBN:

1-908189-60-6

1-283-01943-4

9786613019431

1-907755-96-9

OCLC:

712015630