Founder connections
- Michael BloombergPublisher endorsementWiley prints Bloomberg’s signed comment for Schwed’s book. This is a publisher endorsement; his own reading edition and extent are unknown.Source
Summary
Fred Schwed Jr. offers a humorous account of Wall Street’s people, practices and claims to predict prices. Drawing on his experience at a trading table, he examines how confidence, hope and commission incentives shape the advice customers receive.
Why read it Our view
Useful for testing how you judge advice from people with a financial stake in your decision. Schwed’s humor exposes confident predictions and the reasons people want to believe them. Consider what an adviser knows, how that knowledge could be checked, and how the adviser is paid.