A Random Walk Down Wall Street is a classic investment book written by Burton Malkiel. First published in 1973, the book has been revised and updated several times, with the latest edition released in 2021. The book is a comprehensive guide to investing in the stock market and explores the various strategies and techniques that can be used to achieve financial success.
Malkiel's premise is that the stock market is efficient and that prices are always reflecting all available information. This means that trying to outsmart the market or pick individual stocks is a losing game. Instead, he advocates for a passive approach to investing, such as investing in index funds or exchange-traded funds (ETFs).
The book is written for both novice and experienced investors and covers a wide range of topics, including market history, investment psychology, and portfolio management. Malkiel also provides insights into the latest financial products and strategies, such as robo-advisors and target-date funds.
The author is a renowned economist and investment expert who has written extensively on finance and investing. He is a professor of economics at Princeton University and has served as a member of several investment advisory boards.
The book is intended to be a guide for investors who are looking to achieve long-term financial success. Malkiel stresses the importance of diversification and the dangers of trying to time the market or pick individual stocks.
The book also explores the psychology of investing, including the pitfalls of emotional decision-making and the dangers of following the herd mentality. Malkiel encourages investors to take a rational and disciplined approach to investing, based on sound principles and proven strategies.
The latest edition of the book includes updated information on new financial products and strategies, as well as the latest research on investment theory and practice. It also provides guidance on the impact of technology and globalization on the investment landscape.
The book has received widespread critical acclaim and is considered a classic in the field of finance and investing. It has been translated into several languages and has sold millions of copies worldwide.
The book is recommended for anyone who is interested in investing in the stock market, from novice investors to experienced professionals. It provides a comprehensive and accessible guide to investing and offers practical insights and strategies for achieving financial success.
"A Random Walk Down Wall Street" is a timeless classic that has helped countless investors achieve financial success. Whether you are a novice or an experienced investor, this book provides invaluable insights and guidance for navigating the complex and ever-changing world of finance and investing.
The book is a must-read for anyone who is serious about achieving long-term financial success and building a secure financial future for themselves and their families.
✔ Author(s): Burton G. Malkiel
✔ Title: A Random Walk Down Wall Street
✔ Rating : 4.7 out of 5 base on (146 reviews)
✔ ISBN-10: 1324051132
✔ Language: English
✔ Format ebook: PDF, EPUB, Kindle, Audio, HTML and MOBI
✔ Device compatibles: Android, iOS, PC and Amazon Kindle
Readers' opinions about A Random Walk Down Wall Street by Burton G. Malkiel
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