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One of the “few great investment books” (Andrew Tobias) ever written.
A Wall Street Journal Weekend Investor “Best Books for Investors” Pick
In a time of market volatility and economic uncertainty, when high-frequency traders and hedge fund managers seem to tower over the average investor, Burton G. Malkiel’s classic and gimmick-free investment guide is now more necessary than ever. Rather than tricks, what you’ll find here is a time-tested and thoroughly research-based strategy for your portfolio. Whether you’re considering your first 401(k) contribution or contemplating retirement, this fully updated edition of A Random Walk Down Wall Street should be the first book on your reading list.
In A Random Walk Down Wall Street you’ll learn the basic terminology of “The Street” and how to navigate it with the help of a user-friendly, long-range investment strategy that really works. Drawing on his own varied experience as an economist, financial adviser, and successful investor, Malkiel shows why, despite recent advice to the contrary from so-called experts in the wake of the financial crisis, an individual who buys over time and holds a low-cost, internationally diversified index of securities is still likely to exceed the performance of portfolios carefully picked by professionals using sophisticated analytical techniques. In this new edition, Malkiel has provided valuable new material throughout the book on exchange-traded funds and investment opportunities in emerging markets, and in a brand-new, timely chapter, Malkiel authoritatively assesses the pitfalls and prospects of the latest investing trend, “smart beta.”
On top of all this, the book’s classic life-cycle guide to investing, which tailors strategies to investors of any age, will help you plan confidently for the future. You’ll learn how to analyze the potential returns, not only for basic stocks and bonds but for the full range of investment opportunities—from money-market accounts and real estate investment trusts to insurance, home ownership, and tangible assets like gold and collectibles. Individual investors of every level of experience and risk tolerance will find throughout the book the critical facts and step-by-step guidance they need to protect and grow their hard-earned dollars.
With the prevailing wisdom changing on an almost daily basis, Malkiel’s reassuring and vastly informative volume remains the best investment guide money can buy.
Publisher : WW Norton; Updated edition (Jan. 21 2020)
Language : English
Paperback : 480 pages
ISBN-10 : 0393358380
ISBN-13 : 978-0393358384
Item weight : 363 g
Dimensions : 13.97 x 2.79 x 21.08 cm
Customers say
Customers find the book easy to read and enjoyable, with a good description of different investment strategies. They mention it provides evidence that ETF/index investing with a passive strategy is beneficial.
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Charles Pieczonka –
Good investment practices
As a beginner in investing this book covers a lot of fundamental investment concepts in an easy to understand way. The author covers different strategies for investing and their effectiveness, providing concrete real world examples to demonstrate his points. Overall quite happy with this read.
Richy P –
An interesting read.
A very good guide to being a successful investor, and a very interesting read throughout.
AM –
A helpful book
Basically index invest is what this book says. But it gives you some background and history and anything you need to know as a beginner interested in money and investing. Recommend if you are completely new. Even if you know something it’s worth checking out. I’m not super knowledgeable but I know a fair amount and this book was helpful. Especially for background knowledge of the markets .
nm –
Buy and hold low cost index funds!
Great book. Drives home some great points on how to manage investments to get great results without the headaches of active management!
dlas –
Excellent book
Excellent book for people trying to understand investment in the market.Explains in easy to understand terms the different market investment alternatives and provides advice how to address investment in the market
Jason Patterson –
Great read
Great book to own if you’re looking to own stocks.
Milgre52 –
Updated and timely
Funny and enjoyable for an investment book that serves as a cautionary tale of the fear and greed that goes with the world of investments
Morley Brown –
great read
Lots of information on stock marker
Daniel –
“A Random Walk Down Wall Street” è un libro eccezionale, soprattutto per chi è alle prime armi nel mondo della finanza. L’autore riesce a spiegare concetti complessi in modo chiaro e accessibile, rendendo questo libro una lettura fondamentale per chiunque voglia capire meglio come funzionano i mercati finanziari e come investire con successo.
J. H. C. Simpson –
Easy to understand and a good place to start for beginners as well as a useful book for those reassessing their approach to investing especially as you need to think differently about investing as retirement approaches.
Amazon Customer –
O primeiro contato que tive com este livro foi em 1992, como estudante na Universidade de Michigan, nos EUA. Até hoje guardo aquela edição com carinho. Comprei a última edição e a avaliação, que já era ótima, melhorou. É incrível que até hoje ele não tenha sido traduzido. É um texto espetacular, tanto para quem conhece quanto para neófitos de sistema financeiro. Quando lecionei, era leitura recomendada. Se vc lê em inglês e se interessa por mercado financeiro, pode comprar. É um livro excelente.
Fábio –
Good book
Suresh –
Excellent content and so well written. No wonder it has sold 1.5 mn copies and has had several revisions. The author analyses the limitations of both Technical analysis and Fundamental analysis and in general recommends Index funds. However, for those who like to have actively managed mutual funds and/or do stock picking, he suggests measures for the same as an ancillary to the investment portfolio. He also provides a good account of various asset classes as well as Life cycle investment ideas. The print font size could have been a bit better to maje the reading even more pleasurable. One of the finest investment books I have read so far and in my view comes close to Ben Graham’s ‘Intelligent Investor. Wish to compliment Burton G. Malkiel for authoring such a nice book.