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Cover of Where Are the Customers' Yachts? by Fred Schwed Jr.

Where Are the Customers' Yachts?

Fred Schwed Jr. · 1940

The funniest book ever written about Wall Street. Schwed exposes the fundamental conflict of interest at the heart of finance: the advisors get rich while their clients don't. Written in 1940 and still the most accurate description of how the financial industry actually works. If you read only one book about why your financial advisor's incentives don't align with yours, make it this one.

Business & Investing · the Pro canon

The case for it, the case against, and the rest of the canon open with Pro.