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Posted March 28, 2003
academic and antiseptic but still a classic
This was a book that I had since finance class in undergrad. I never read it cover to cover, so I decided to pick it up and see what it was about. `A Random Walk Down Wall Street¿ gives a ton of ideas and information and historical context for the financial markets. It was really good to read. I knew a lot of the information in bits and pieces, so it was nice to put it all together. While it takes a very `academic¿ approach, I did appreciate the perspectives and research that has been cultivated off the street. The denunciations of many of the trading techniques in many Wall Street firms, and the fact that a monkey throwing darts at a wall street financial page could get similar returns was an image I still keep in my mind from this book. It was pretty damning and enjoyable to read. The conclusions though are being put to the test in the current recession. But even though this book was written before the last dot com bubble and all the current scandals, it totally described what happened when it described similar crashes in the past. This book gave Wall Street a richer and more solid identity in my mind, and it takes the much of the personal sting out of the MSNBC reporters announcing the latest slump in the numbers because I have an appreciation for the institution and its history to survive and improve from these events. I think there are some new books though, that I plan to read, that will give other perspectives on the markets. And a major failure of this book is that it doesn¿t give a very personal view of the economic effects of Wall Street¿s actions. The focus on the numbers games and the analysis was so heavy that it neglected to show where those things came from and who they affected in the world. I look forward to reading the other side of the stories in further books.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.