Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street

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 and Uncommon Profits
• Mastering the Market Cycle: Getting the Odds on Your Side
• The Most Important Thing: Uncommon Sense for The Thoughtful Investor
• Charlie Munger: The Complete Investor
• University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting
• The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
• Business Adventures
• The Money Game
• The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
• Stress Test: Reflections on Financial Crises