A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition)

October 4, 2019 - Comment

With the prevailing wisdom changing on an almost daily basis, Burton G. Malkiel’s reassuring and vastly informative volume remains the best investment guide money can buy. In a time of increasing inequality, 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

With the prevailing wisdom changing on an almost daily basis, Burton G. Malkiel’s reassuring and vastly informative volume remains the best investment guide money can buy.

In a time of increasing inequality, 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 401k 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 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 provides a brand-new section on the recent bubble in cryptocurrencies like Bitcoin, as well as valuable new material on “tax-loss harvesting”―the crown jewel of tax management. He also presents a critical analysis of two recently popular investment-management techniques: factor investing and risk parity.

On top of all this, the book’s classic lifecycle 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.

Comments

Anonymous says:

A classic updated I read this classic in its first edition 38 years ago just after completing a graduate degree in economics, and was captivated. The Efficient Market Hypothesis which it expounds was in its infancy. Index mutual funds had not yet been invented. There was much chatter about “crowd psychology” and the like, but Behavioralism as a distinct academic discipline applied to stock price movements had not yet evolved. And of course, no personal computers.Now the tenth edition…

Anonymous says:

Simple, sane, time-tested advice There are any number of authors and hucksters who will sell you a system that will guarantee you can beat the market. Curiously, though, few of them stick round for very long. Remember the big day trading frenzy of the 1990s? A lot of people blew all their savings on that one. I knew a lawyer who quit his job and managed to lose his savings, his house, and a good chunk of his in-laws’ money with that guaranteed money maker. You can buy books that will tell you how to trade commodities, how to…

Anonymous says:

Great for beginners Someone told me to read this if you are unfamiliar with the stock industry and want to learn more. It is an easy read and I find it very interesting. There are tips in here that I would not even think of on my own. I hope to continue to learn more and become successful at trading stocks.Please let me know if my review helped in your decision making process one way or the other. =)

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