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Book Summary
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Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little.
Where Are the Customers' Yachts?
A professional trader, who had the good sense to get out after losing a bundle of money in the 1930 crash, offers wry and astute observations on Wall Street along with bottom-line wisdom. Covers the gamut of financial players and the clients who bring them business. Brimming with amusing anecdotes and stories, this often hilarious cautionary tale is fully illustrated.
Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little.
