#4415

Mentioned in 11 episodes

Where Are the Customers' Yachts?

or A Good Hard Look at Wall Street

Book •

Fred Schwed Jr.

In 'Where Are the Customers' Yachts?

', Fred Schwed Jr. delivers a witty and incisive critique of the financial industry, exposing the myths and misconceptions that pervade Wall Street.

The book humorously explores how financial professionals often prioritize their own wealth over clients' financial well-being, and it offers insights into human psychology and investment behaviors.

First published in 1940, the book remains relevant today, cautioning investors to approach financial advice with skepticism.

Mentioned by

Anthony Yoseloff

Mentioned in 11 episodes

Mentioned when discussing how fees charged by financial advisors can accumulate to significant amounts.

10 Rules for Building a Portfolio That Actually Works for Your Life, with Cullen Roche

Mentioned by

Ben Carlson

as the greatest book title ever for an investment book.

A National Housing Emergency (EP. 428)

Recommended by

Jason Zweig

as a funny and insightful book about investing.

The Intelligent Investor

Mentioned by

Gautam Baid

to highlight perverse incentives in the investment management industry.

TIP566: The Passionate Pursuit of Lifelong Learning w/ Gautam Baid

Recommended by

Anthony Yoseloff

as a classic book on investing.

The Absolute Return Revival with Tony Yoseloff

Mentioned by

Bill Bernstein

, quoting a line from the book about experiences that cannot be explained to someone without experience.

WCI #450: When You Win the Game, Stop Playing with Bill Bernstein

Mentioned by

Clay Finck

while discussing Nick Sleep's views on market crowds and investment timing.

TIP492: The Best Investor You've Never Heard of

Mentioned by the speaker as a book that offers a cynical view of Wall Street.

Other People’s Money: Jacob Goldstein and the Bonds of Wall Street

Mentioned by

Kyle Prevost

to highlight that investment bankers benefit more from financial advice than their clients.

Lessons From 400+ Interviews on Canadian Financial Independence & How to Achieve and Protect Your Early Retirement

Recommended by

William Green

as a book containing helpful human truths and advice on how to die rich.

RWH012: Fear the Fed w/ Jim Grant

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

App store banner

Play store banner