Where Are the Customers' Yachts?

Where Are the Customers' Yachts? PDF Author: Fred Schwed, Jr.
Publisher: Wiley
ISBN: 9780471770893
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
"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.

Where Are the Customers' Yachts?

Where Are the Customers' Yachts? PDF Author: Fred Schwed, Jr.
Publisher: Wiley
ISBN: 9780471770893
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
"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.

Common Stocks as Long Term Investments

Common Stocks as Long Term Investments PDF Author: Edgar Lawrence Smith
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 152

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Book Description


Desirable and Undesirable Characteristics of Offshore Yachts

Desirable and Undesirable Characteristics of Offshore Yachts PDF Author: Cruising Club of America. Technical Committee
Publisher: W. W. Norton & Company
ISBN: 9780393033113
Category : Science
Languages : en
Pages : 320

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Book Description
Surveys trends in yacht design, discusses safety, modern construction techniques, spars, rigging, sails, and auxiliary equipment, and describes five good boats.

The Golden Age of Yachting

The Golden Age of Yachting PDF Author: L. Francis Herreshoff
Publisher: Rowman & Littlefield
ISBN: 1493073427
Category : Sports & Recreation
Languages : en
Pages : 190

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Book Description
The Golden Age of Yachting presents a panoramic view of yachting, providing an insightful introduction to the pleasures, craft, and history of the sport, with emphasis on the era of the great steam yachts. It is a meticulous account based on accurate knowledge and detailed research. Most yachting histories have been so much influenced by the nationality of the author that the British and American versions are quite different, but L. Francis Herreshoff was equally familiar with both sides. He has given a much more factual account of the international races than can be found in other writings. This book will appeal to the large group of amateur and professional seamen who strive to keep alive the traditions and lore of sail. The book was first published by Sheridan House in 1963 under the title An Introduction to Yachting and reprinted in 1980. The title of this new paperback edition, The Golden Age of Yachting, more accurately reflects the treasures found in this magnificent volume.

Here Are the Customers' Yachts

Here Are the Customers' Yachts PDF Author: Jeffrey Weber
Publisher:
ISBN: 9780983730842
Category :
Languages : en
Pages : 78

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Book Description
Stockbrokers earn money from every trade whether it is profitable or not. How can the average investor profit from swings in the market? Learn here.

The Book of Wooden Boats

The Book of Wooden Boats PDF Author: Maynard Bray
Publisher: W. W. Norton & Company
ISBN: 0393048993
Category : Ships, Wooden
Languages : en
Pages : 225

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Book Description
This magnificent collection of full-color photographs by renowned photographer Benjamin Mendlowitz of beautiful vessels includes wooden boats ranging from simple prams to sailing and power yachts. Noted marine historian Maynard Bray provides commentary on more than 90 of the world's most photogenic boats.

Great Yachts

Great Yachts PDF Author: Russ Kramer
Publisher:
ISBN: 9780692864692
Category :
Languages : en
Pages : 56

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Book Description
A comprehensive survey of Russ Kramer's extraordinary and dynamic paintings of yachts and yachting history, his methods and inspirations.

A Wealth of Common Sense

A Wealth of Common Sense PDF Author: Ben Carlson
Publisher: John Wiley & Sons
ISBN: 1119024927
Category : Business & Economics
Languages : en
Pages : 231

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Book Description
A simple guide to a smarter strategy for the individual investor A Wealth of Common Sense sheds a refreshing light on investing, and shows you how a simplicity-based framework can lead to better investment decisions. The financial market is a complex system, but that doesn't mean it requires a complex strategy; in fact, this false premise is the driving force behind many investors' market "mistakes." Information is important, but understanding and perspective are the keys to better decision-making. This book describes the proper way to view the markets and your portfolio, and show you the simple strategies that make investing more profitable, less confusing, and less time-consuming. Without the burden of short-term performance benchmarks, individual investors have the advantage of focusing on the long view, and the freedom to construct the kind of portfolio that will serve their investment goals best. This book proves how complex strategies essentially waste these advantages, and provides an alternative game plan for those ready to simplify. Complexity is often used as a mechanism for talking investors into unnecessary purchases, when all most need is a deeper understanding of conventional options. This book explains which issues you actually should pay attention to, and which ones are simply used for an illusion of intelligence and control. Keep up with—or beat—professional money managers Exploit stock market volatility to your utmost advantage Learn where advisors and consultants fit into smart strategy Build a portfolio that makes sense for your particular situation You don't have to outsmart the market if you can simply outperform it. Cut through the confusion and noise and focus on what actually matters. A Wealth of Common Sense clears the air, and gives you the insight you need to become a smarter, more successful investor.

The Clash of the Cultures

The Clash of the Cultures PDF Author: John C. Bogle
Publisher: John Wiley & Sons
ISBN: 1118238214
Category : Business & Economics
Languages : en
Pages : 391

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Book Description
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)

Outrageous Yachts

Outrageous Yachts PDF Author: Jill Bobrow
Publisher: Vendome Press
ISBN: 9780865652576
Category : Sports & Recreation
Languages : en
Pages : 0

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Book Description
Owning a yacht is the ultimate status symbol. Universally perceived as the exclusive domain of the rich and the famous, yachting is a decidedly rarified world. Arguably the most well-known private yacht of all time, the 325-foot (99-meter) Christina O, owned by Aristotle Onassis in the 1950s and 60s, was the playground for heads of state such as Winston Churchill and the Kennedys, opera diva Maria Callas, and Hollywood sweethearts such as Ava Gardner and Elizabeth Taylor. Pictured here along with the newly rebuilt Christina O are 20 other mega-yachts, including the newly completed and wildly colorful Guilty, designed by Jeff Koons for the art collector Dakis Joannou; Tom Perkins' modern sailing yacht Maltese Falcon, the ultramodern sailing yacht Esense, and the refit classic Delphine. The yachts pictured here are special for many reasons: because they are the fastest, or the most innovative, or the most technologically advanced, or because of their travels to exotic locations around the globe. Outrageous Yachts provides information about the yachts' builders and designers, and tours each of the magnificent vessels-- ranging in size from 138 to 424 feet (42 to 129 meters)--from stem to stern. This volume promises to be irresistible to anyone who has a yacht or dreams of owning one. Notes: Annual maintenance usually runs to 15 percent of the cost of a yacht Today there are approximately 6,000 yachts that exceed 100 feet (31 meters) in the world