Where are the Customers' Yachts

Where are the Customers' Yachts - by Fred Schweb Jr.

This book is a masterpiece of insight into the financial institutions. Fred Schweb worked in the financial markets in the USA in the wake of the Wall Street crash. Always something of an outsider, he wrote this book in 1955.

It gives extraordinary insight into the thinking behind the advice given to investors and why they should be wary of the “experts”. The examples he gives are as relevant in the 21st Century as they were midway through the 20th. If only people had been reading this book in the run up to the market crash of 2008!