A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing / Edition 10

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing / Edition 10

4.4 65
by Burton G. Malkiel
     
 

ISBN-10: 0393081435

ISBN-13: 9780393081435

Pub. Date: 01/10/2011

Publisher: Norton, W. W. & Company, Inc.

Whether you're considering your first 401(k) contribution, contemplating retirement, or anywhere in between, A Random Walk Down Wall Street should be the first book on your reading list. In this newest edition of the perennial bestseller, Burton G. Malkiel shows how to navigate the turbulence on Wall Street and beat the pros at their own game, giving individual…  See more details below

Overview

Whether you're considering your first 401(k) contribution, contemplating retirement, or anywhere in between, A Random Walk Down Wall Street should be the first book on your reading list. In this newest edition of the perennial bestseller, Burton G. Malkiel shows how to navigate the turbulence on Wall Street and beat the pros at their own game, giving individual investors the information, they need to manage their money with confidence.

About the Author:
Burton G. Malkiel is a former member of the Council of Economic Advisers and has served on the boards of several major corporations, including the Vanguard Group of Investment Companies and Prudential Financial Corporation

Product Details

ISBN-13:
9780393081435
Publisher:
Norton, W. W. & Company, Inc.
Publication date:
01/10/2011
Edition description:
Tenth Edition
Pages:
416
Product dimensions:
6.40(w) x 9.30(h) x 1.50(d)

Table of Contents

Preface15
Acknowledgments from Earlier Editions19
Pt. 1Stocks and Their Value
1Firm Foundations and Castles in the Air23
2The Madness of Crowds34
3Stock Valuation from the Sixties through the Nineties52
4The Biggest Bubble of All: Surfing on the Internet82
5The Firm-Foundation Theory of Stock Prices105
Pt. 2How the Pros Play the Biggest Game in Town
6Technical and Fundamental Analysis125
7Technical Analysis and the Random-Walk Theory145
8How Good Is Fundamental Analysis?171
Pt. 3The New Investment Technology
9A New Walking Shoe: Modern Portfolio Theory203
10Reaping Reward by Increasing Risk222
11Potshots at the Efficient-Market Theory and Why They Miss242
Pt. 4A Practical Guide for Random Walkers and Other Investors
12A Fitness Manual for Random Walkers277
13Handicapping the Financial Race: A Primer in Understanding and Projecting Returns from Stocks and Bonds314
14A Life-Cycle Guide to Investing333
15Three Giant Steps Down Wall Street354
A Random Walker's Address Book and Reference Guide to Mutual Funds387
Index397

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A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing 4.5 out of 5 based on 0 ratings. 66 reviews.
JA2012 More than 1 year ago
This book representa the one constant in an ever changing world of diversity and speculation in investments. Our investment decisions are becoming increasingly affected by diverse cultural points of view, rapidly changing technolgy trends, limited resources, and new investment vehicles. For readers looking for traditional guidance in value investing, this book presents the fundamentals and for that reason is highly recommended for both new and veteran investors, especially those who have lost money despite their best investment attempts. Be advised that value in the context of this book does not mean cheap, but rather, improving the odds to minimize risk for long term growth. This is the book for traditionalists and ones that would be so.
Guest More than 1 year ago
The first edition of Bernard Malkiel¿s A Random Walk Down Wall Street appeared in 1973, a few years after the twentieth century¿s first big computer technology bubble, the go-go era, popped. This, the newest and eighth edition, appears after the popping of the dot.com bubble, the last of the twentieth century¿s great computer technology bubbles. Investors burned in the first bubble could have been excused; after all, they didn¿t have Malkiel¿s book. But it¿s astounding how avidly Internet speculators threw aside all that Malkiel and others had taught them. This book belongs on every investor¿s bookshelf, and ought to be consulted, or at least touched to the forehead, before any investment decision. Most investment books aren¿t trustworthy, because their authors are salespeople who are really making a pitch instead of trying to inform you. Malkiel is disinterested. He is a teacher with the intellectual discipline of a true financial economist, and yet he writes as vividly as a good journalist. We recommend this classic: all you need to know about the market is between its covers.
wwilson6022 More than 1 year ago
The author states his investment advice in succinct terms in the first chapter, then uses the rest of the book to explain how he came to that conclusion and the history of investing. Entertaining and useful.
Guest More than 1 year ago
This book is a solid introduction to investment. It makes a strong case that the best investment strategy is simply to buy index funds.
Anonymous More than 1 year ago
Incredible -- how much quality information this book provides. Highly insightful.
SenadBogdani More than 1 year ago
This book really gives you a heads up on how you should be investing and to not be manipulated by mainstream news and analysts. Malkiel will talk about a number of studies on how predictable and unpredictable markets can be and how not to fall into the trap of short-term investments, but rather move towards a long-term investment if your seeking reasonable returns for the future. Overall, great book a must read for anybody going into finance.
Anonymous More than 1 year ago
Best investing, finance, economics, business adminstration, wall-street book that I have ever read.
Anonymous More than 1 year ago
Worldwide bestselling classic. Full of relevant, useful wisdom, very easy to read-understand-apply to your daily life. Excellent book on investing, should be required reading for all people.
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jackdav38 More than 1 year ago
One of the best books ever writen on this subject. Updated for post-Crash economy. Malkiel defends the "weak" form of the Efficient Markets Theory, arguing that investment strategies based on "charting" or technical analysis wil not pay off. 
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