The Animal Spirits book club re-read the classic Where Are the Customers’ Yachts by Fred Schwed for this week’s Re-Kindled podcast.
We discuss:
- Why Fred Schwed would have been amazing on Twitter.
- The timeless nature of Schwed’s thoughts on markets, investing, and the wealth management industry.
- The best description of the Great Depression I’ve ever read.
- Why people on Wall Street aren’t all bad.
- The value of “I don’t know.”
- Why losing money is one of the best things that can happen to a young investor.
- Who is to blame for poor financial advice?
- Why shorting and trading options are both so difficult.
- The one constant in the markets over time.
Listen here:
And feel free to read along with our next book, Superforecasting by Phillip Tetlock for the next episode of Re-Kindled.
Email us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.
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