Fred Schwed

Instead, it's a wonderfully funny and rather cynical look at Wall Street and the people who make their livings from it.

The book is Where Are the Customers' Yachts? by Fred Schwed, Jr., first published back in 1940.

And the title itself tells us almost everything we need to know.

The story goes that a visitor to Wall Street was being shown around by his broker.

If the financial professionals are becoming wealthy by helping their customers become wealthy, where indeed are the customers' yachts? So what does this wonderfully sarcastic book have to teach us about becoming better investors ourselves? As it turns out, quite a lot.

So sit back, tune in and get comfortable as we take a journey through Wall Street, financial advice and the rather curious business of helping other people invest their money.

What makes Where Are The Customers Yachts so enjoyable is that Sweat isn't writing a dry financial textbook.

He's taking the mickey, and he does so with considerable skill.

Thanks to them and, of course, to Rob Floyd, my producer, but mostly thanks to you for being here because you make this special and worthwhile for me each and every day.

The Money Life quote of the day comes from Fred Schwed Jr., who said, Like all of life's rich emotional experiences, the full flavor of losing important money cannot be conveyed by literature.

Yeah, it sucks and you're gonna feel miserable if you're losing money, but you have to keep everything in perspective.

So please remember, until we do this again the next time, the best thing you could do for your money is not worry too much about it.