Burton Malkiel

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

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From BooklistIn the tenth edition of A Random Walk down Wall Street, Malkiel evaluates and emphatically stands by his original investment thesis, that it is extremely rare for an individual investor to consistently beat the stock-market averages. Investors are better off buying and holding an index fund than attempting to buy and sell individual securities or actively managed mutual funds. An index fund which buys and sells all the stocks in a broad stock-market average is likely to outperform professionally managed funds whose high expense charges and large trading costs detract substantially from investor returns. With commentary on numerous investment issues, this readable investment guide for individuals offers information on the full range of new investment products available, the results of current research by academics and other marketplace professionals, and a section on investment strategies for retired investors or those anticipating retirement. This excellent book offers important information for individual investors and is a valuable resource for library patrons. --Mary Whaley
Product DescriptionThe best investment guide money can buy, with over 1.5 million copies sold, now fully revised and updated.
E specially in the wake of the financial meltdown, readers will hunger for Burton G. Malkiel’s reassuring, authoritative, gimmick-free, and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio, A Random Walk Down Wall Street features new material on the Great Recession and the global credit crisis as well as an increased focus on the long-term potential of emerging markets. Malkiel also evaluates the full range of investment opportunities in today’s volatile markets, from stocks, bonds, and money markets to real estate investment trusts and insurance, home ownership, and tangible assets such as gold and collectibles. These comprehensive insights, along with the book’s classic life-cycle guide to investing, chart a course for anyone seeking a calm route through the turbulent waters of the financial markets.
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529 printed pages
Original publication
2019
Publication year
2018
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Impressions

  • rm1996oshared an impression8 years ago
    💡Learnt A Lot

    Very interesting and helpful book with lots of useful and relevant content

  • b4512973078shared an impression7 years ago
    👍Worth reading

Quotes

  • Nazli Aliyevahas quoted3 years ago
    A RANDOM WALK DOWN WALL STREET

    DUVAR CADDESİ'NDE RASTGELE YÜRÜYÜŞ

  • Ruzana Ileuovahas quoted4 years ago
    Dollar-cost averaging is not a panacea that eliminates the risk of investing in common stocks. It will not save your 401(k) plan from a devastating fall in value during a year such as 2008, because no plan can protect you from a punishing bear market. And you must have both the cash and the confidence to continue making the periodic investments even when the sky is the darkest. No matter how scary the financial news, no matter how difficult it is to see any signs of optimism, you must not interrupt the automatic-pilot nature of the program. Because if you do, you will lose the benefit of buying at least some of your shares after a sharp market decline when they are for sale at low prices. Dollar-cost averaging will give you this bargain: Your average price per share will be lower than the average price at which you bought shares. Why? Because you’ll buy more shares at low prices and fewer at high prices.
  • Ruzana Ileuovahas quoted4 years ago
    Thus, they cannot count on salary income to sustain them if the stock market has a period of negative returns.

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