"Once I picked it up I did not put it down until I finished ...What Schwed has done is capture fullyin deceptively clean languagethe lunacy at the heart of the investment business. "From the Foreword by Michael Lewis, Bestselling author of Liar's Poker This hilarious portrait of everyday Wall Street and its denizens rings as true today as it did when it was first published in 1940. Writing with a rare mixture of wry cynicism and bonhomie reminiscent of Mark Twain and H. L. Mencken, Fred Schwed, Jr. , skewers everyone including himself in his brilliant send-ups of bankers, brokers, traders, investors, analysts, and hapless customers. "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 President, Bloomberg, LP " ...one of the funniest books ever written about Wall Street. "Jane Bryant Quinn, The Washington Post "It's amazing how well Schwed's book is holding up after 55 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 "A delightful classic and reminder of excesses past and how little things change. " Bob Farrell, Senior Vice President, Merrill Lynch
"This portrait of Wall Street at the end of its most glorious boom could not be better if Mark Twain had been sent to do the job. What Schwed has done is capture fully in deceptively clean language the lunacy at the heart of the investment business."
- Michael Lewis, author, Liar's Poker
"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, President, Bloomberg, LP
"One of the funniest books ever written about Wall Street."
- Jane Bryant Quinn, The Washington Post
I. Introduction - 'The Modest Cough of a Minor Poet'
II. Financiers and Seers
III. Customers - That Hardy Breed
IV. Investment Trusts - Promises and Performance
V . The Short Seller - He of the Black Heart
VI. Puts, Calls, Straddles, and Gabble
VII. The 'Good Old Days and the Great Captains'
VIII. Investment - Many Questions and a Few Answers
IX. Reform - Some Yeas and Nays
About Fred Schwed
Fred Schwed, Jr., was a professional trader who had the good sense to get out after losing a bundle (of mostly his own money) in the 1929 crash. Some years later, he published a children's book titled Wacky, the Small Boy. Wacky became a bestseller, and Schwed went on to draw further on his experience in writing Where Are the Customers' Yachts? His publisher said of him, "Mr. Schwed has attended Lawrenceville and Princeton and has spent the last ten years on Wall Street. As a result, he knows everything there is to know about children."
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