- Paperback: 464 pages
- Publisher: W. W. Norton & Company; 8th Revised edition edition (13 Feb. 2004)
- Language: English
- ISBN-10: 0393325350
- ISBN-13: 978-0393325355
- Product Dimensions: 14 x 3 x 20.8 cm
- Average Customer Review: 4.2 out of 5 stars See all reviews (67 customer reviews)
- Amazon Bestsellers Rank: 203,492 in Books (See Top 100 in Books)
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing Paperback – 13 Feb 2004
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"Deservedly a perennial bestseller." The Economist "[A] most entertaining and useful book." The Times Higher Educational Supplement "[This] timeless classic... offers a vast array of advice on how investors can tilt the odds in their favour." The Observer "Entertaining and informative." Financial Times
About the Author
Burton G. Malkiel is the Chemical Bank Chairman's Professor of Economics Emeritus at Princeton University. He is a former member of the Council of Economic Advisers, dean of the Yale School of Management, and has served on the boards of several major corporations, including Vanguard and Prudential Financial. He is the chief investment officer of Wealthfront.
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Top Customer Reviews
Some of the stuff is US specific but this book is highly worthwhile for any investor.
THIS BOOK WILL COST YOU MUCH LESS THAN YOUR FINANCIAL ADVISER!
In "A Random Walk Down Wall Street," Burton Malkiel starts off by taking us through a history of speculative crazes, beginning with the 17th-century Dutch tulip mania and ending (in the most recent, 2015 edition) with the 2008 crash of the real estate bubble. The first third of the book is devoted to describing how NOT to invest if you don't want to lose your shirt. Wannabe investors would do well to heed Malkiel's warnings that if it seems too good to be true, it probably is. That being said, the first section is not hectoring or sententious, but an animated stroll through investing history, brought to life by Malkiel's dry wit and vigorous writing style. A former professor at Princeton as well as an experienced participant in the world of finance and investing, Malkiel brings his teaching abilities to the page, so that reading him is like listening to a really good lecture.
The second section covers different approaches to investing and analysis. Like a good professor, Malkiel expects us to keep up here, and for those of us who come into the book knowing absolutely nothing about the subject, this is probably the section that is the most difficult to follow. I did, however, come away from it bearing at least a hazy idea of the difference between technical and fundamental analysis, and what beta is, as well as why none of these things are very good at predicting future returns.
In the final section Malkiel gets to the heart of the matter and gives his advice to fledgling investors.Read more ›
Most Recent Customer Reviews
This is a very good book. It points out various (possible) pitfalls. Though it won't keep me from investing. All in all a good book for the money.Published on 10 April 2015 by C. G. Gilmoor
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