Fred Schwed, Jr. was an American stock broker turned author, known for his book on Wall Street, Where Are the Customers' Yachts? [1] [2]
Schwed was born in New York. Schwed's father, Frederick Schwed, was a member of the New York Curb Exchange (renamed in 1953 to AMEX). [3]
He was a professional trader on Wall Street, but lost much of his wealth in the stock market crash of 1929. He subsequently published a children's book, Wacky, the Small Boy, and later, Where Are the Customers' Yachts? [4] [5] Published in 1940 by Simon & Schuster (New York), the book is often cited by finance people such as Warren Buffett, Jack Bogle, and Michael Lewis as one of the most authentic, timeless, hilarious, and true descriptions of the culture of Wall Street and investment firms. [6] [7]
The New York Times Best Seller list is widely considered the preeminent list of best-selling books in the United States. Since October 12, 1931, The New York Times Book Review has published the list weekly. In the 21st century, it has evolved into multiple lists, grouped by genre and format, including fiction and non-fiction, hardcover, paperback and electronic.
John Pierpont Morgan Sr. was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age. As the head of the banking firm that ultimately became known as J.P. Morgan and Co., he was the driving force behind the wave of industrial consolidation in the United States spanning the late 19th and early 20th centuries.
Benjamin Graham was a British-born American economist, professor and investor. He is widely known as the "father of value investing", and wrote two of the founding texts in neoclassical investing: Security Analysis (1934) with David Dodd, and The Intelligent Investor (1949). His investment philosophy stressed investor psychology, minimal debt, buy-and-hold investing, fundamental analysis, concentrated diversification, buying within the margin of safety, activist investing, and contrarian mindsets.
Peter Lynch is an American investor, mutual fund manager, and philanthropist. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world. During his 13-year tenure, assets under management increased from US$18 million to $14 billion.
Henry McKelvey Blodget is an American businessman, investor and journalist. He is notable for his former career as an equity research analyst who was senior Internet analyst for CIBC Oppenheimer and the head of the global Internet research team at Merrill Lynch during the dot-com era. Due to his violations of securities laws and subsequent civil trial conviction, Blodget is permanently banned from involvement in the securities industry. Blodget is the CEO of Business Insider.
Victor Niederhoffer is an American hedge fund manager, champion squash player, bestselling author and statistician.
Ronald Chernow is an American writer, journalist and biographer. He has written bestselling historical non-fiction biographies.
Kenneth Gerard Langone Sr. KSG is an American billionaire businessman, investor, and philanthropist, best known for organizing financing for the founders of The Home Depot. He has been a major donor to the Republican Party.
Edwin Lefèvre (1871–1943) was an American journalist, writer, and diplomat, who is most noted for his writings on Wall Street business.
Michael Monroe Lewis is an American author and financial journalist. He has also been a contributing editor to Vanity Fair since 2009, writing mostly on business, finance, and economics. He is known for his nonfiction work, particularly his coverage of financial crises and behavioral finance.
Frederick F. Reichheld is an American New York Times best-selling author, speaker and business strategist. He is best known for his research and writing on the loyalty business model and loyalty marketing. He is the creator of the Net Promoter System of management (NPS).
The Museum of American Finance is the United States's only independent public museum dedicated to preserving, exhibiting and teaching about American finance and financial history. Located in the Financial District in Manhattan, New York City, it is an affiliate of the Smithsonian Institution. It is a tax-exempt 501(c)(3) organization chartered by the Board of Regents of the New York State Department of Education. With education at the core of its mission, it is an active national-level advocate on behalf of financial literacy.
Gary Weiss is an American investigative journalist, columnist and author of books that examine the ethics of Wall Street. He was also a contributing editor for Condé Nast Portfolio. His Businessweek articles exposed organized crime on Wall Street and the Salomon Brothers bond trading scandal in the 1990s, and he covered the 2008 financial crisis and its aftermath. Weiss is co-founder of The Mideast Reporter.
Robert R. Prechter Jr. is an American financial author, and stock market analyst, known for his financial forecasts using the Elliott Wave Principle. Prechter is an author and co-author of 14 books, and editor of 2 books, and his book Conquer the Crash was a New York Times bestseller in 2002. He also has published monthly financial commentary in the newsletter The Elliott Wave Theorist since 1979, and is the founder of Elliott Wave International and New Classics Library. Prechter served on the board of the CMT Association for nine years, and as its president in 1990–1991. He has been a member of Mensa and Intertel. In recent years Prechter has supported the study of socionomics, a theory about human social behavior.
Jordan Ross Belfort is an American entrepreneur, speaker, author, former stockbroker, and financial criminal. In 1999, he pleaded guilty to fraud and related crimes in connection with stock-market manipulation and running a boiler room as part of a penny-stock scam. Belfort spent 22 months in prison as part of an agreement under which he gave testimony against numerous partners and subordinates in his fraud scheme. He published the memoir The Wolf of Wall Street in 2007, which was adapted into a Martin Scorsese film of the same name released in 2013, in which he was played by Leonardo DiCaprio.
Fred Philip Hochberg is an American businessman and civic leader. After nearly two decades as an executive, including five years as President at the Lillian Vernon Corporation, he then served in various leadership roles at U.S. government agencies, non-profit organizations, and in academia. From 2009 to 2017, he was chairman and president of the Export–Import Bank of the United States, becoming the institution's longest-serving chairman.
John Brooks was a writer and longtime contributor to The New Yorker magazine, where he worked for many years as a staff writer, specializing in financial topics. Brooks was also the author of several books, both fiction and non-fiction, the best known of which was an examination of the financial shenanigans of the 1960s Wall Street bull market.
Eric Ries is an American entrepreneur, blogger, and author of The Lean Startup, a book on the lean startup movement. He is also the author of The Startup Way, a book on modern entrepreneurial management.
Peter Schwed (1911–2003) was an American editor and the editorial chairman and a trade book publisher for Simon & Schuster. Among the authors he edited were P.G. Wodehouse, Irving Wallace, Harold Robbins, David McCullough and Cornelius Ryan. Schwed also authored or contributed to more than a dozen books. Schwed specialized in sports publications and was either an editor or ghostwriter for such sports figures as Jack Nicklaus, Rod Laver, Bill Tilden, Chris Evert, Bjorn Borg, Roger Angell and Ted Williams. He was the co-author of golfer Nancy Lopez's The Education of a Woman Golfer.
Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors (2005) is a book by American journalist Charles Gasparino and published by Free Press.