A Random Walk Down Wall Street

A Random Walk Down Wall Street

The Time-tested Strategy for Successful Investing

Book - 2015
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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: New York :, W.W. Norton & Company,, 2015, ©2015.
Edition: Completely revised and updated.
ISBN: 9780393246117
Branch Call Number: 332. 6 MAL 2015
Characteristics: 445 pages : illustrations ; 25 cm


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Sep 10, 2017

Seems the author wrote this book as a stunt for either publicity or money. He does admit that he's been on Wall Street as an "investor" for the longest time. At the ending chapter (on page 379) he says "I have nothing spectacular to offer" well then why did you write this book in the first place dude?

One of the worst books I've seen on the topic of investing. AVOID LIKE THE PLAGUE if you want to stay away from a pretender who's just trying to grab money from you.

The book itself is styled to read: "get rich slow, by investing in capital markets!" Do NOT believe a word these Wall Street executives have to say.

You CAN get rich faster, but you have to be in sales for that to happen. I PERSONALLY recommend Grant Cardone and his sales programs - I don't make a single penny from giving you this information, just Google him...thank me later.

One thing I've learned from reading over 25 books on financial markets, FOREX, and other topics is that you can NEVER believe what the Wall Street people have to say. They're in it to make money, their mean nature always shows itself one way or another. If you really want to invest your money, you have to learn exactly what commodities have high exchange values and then invest in them only.

You can always increase your income by selling your own product or someone else's. Learn the sales process so you can make money TODAY! NOT when you're 70 and can't even walk! That's really stupid and derelict way of thinking.

Again, 0/5 for making this a money grabbing scheme .5/5 for writing an entire book in order to try and catch my attention - STAY AWAY! I guarantee personally that you'll be happier you did!

Jul 13, 2016

During graduate school I heard this allegory:

A tourist is touring a marina. The guide says, “These are the bankers yachts, those are the brokers schooners, those are the financial consultant’s catamarans and those are the financial analysts’ clippers.” The tourist asks, “Where are the customer’s boats?” The guide looks perplexed and replies, "The customers don’t have boats."

The allegory resonated at many levels. The problem, for myself and many others, was we did not have the expertise to invest our savings without referring to “experts” and the “experts” often put their own interests ahead of their customers'.

Burton Malkiel’s book explains how to invest if you’re not wealthy. The basic premise is that diversifying investments through instruments like Exchange Traded Funds (ETF’s) is the best strategy for most investors. Malkiel also describes how allocations should be distributed depending on the length of time until expected retirement.

Throughout the book, Malkiel makes a compelling case that most “experts” lack any expertise and that the incentives are often in favor of putting the broker’s interests ahead of the customer’s interests. This book provides the theory and understanding an investor needs to stop paying for someone else to do work that may not be in your best interests or to be able to actively participate in the decisions people you hire may be making “on your behalf.”

Aw_19 Mar 12, 2016

Outstanding, timeless advice presented in a very accessible manner. You will be a much wiser investor for having read this book.

Jul 04, 2015

Timeless advice, well argued. It really needs an update after the 2007 Great Recession though - as investing and Wall Street are different "animals" after the financial collapse, and many were exposed for what they truly are - Still, Malkiel lays great groundwork for avoiding most investing mistakes!

Jan 27, 2015

Outstanding long lasting advice on investment. This is a must read book.

Apr 22, 2014

A no-nonsense, no silver bullet approach to personal investing. A timeless read.

Jul 06, 2013

Yet somehow this author neglects to mention that all markets are rigged: currency markets, interest rate swap rates, LIBOR, etc., etc., etc.?

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