A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Eleventh Edition)
| Author | : | |
| Rating | : | 4.77 (916 Votes) |
| Asin | : | B00QH9NTSI |
| Format Type | : | |
| Number of Pages | : | 312 Pages |
| Publish Date | : | 2017-05-16 |
| Language | : | English |
DESCRIPTION:
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 t. Thank God for Active Traders I have no beef against the active traders. Maybe I have a little pity for them, since half of them have to lose money if the market’s a zero-sum game. That’s more than half, once you start to factor in fees.I have long ago realized that though I am interested in the workings of the market, I am not going to delve to the minutiae of companies and differe. Mitch Holbrook said A must-read for anyone interested in investing!!. As a student of finance I found this book to be incredibly enlightening. A brief warning before I delve into my review of the content though: some of this book can be a challenge to read. I found this to be true only in the beginning however when for numerous chapter the author goes over bubbles of the past and how they relate to today's markets. After that section
“Talk to 10 money experts and you’re likely to hear 10 recommendations for Burton Malkiel’s classic investing book.” - The Wall Street Journal“A Random Walk has set thousands of investors on a straight path…. This one may well belong in the classics category.” - Forbes“An engagingly written and wonderfully argued tome.” - Money. A lucid mix of the theoretical and the pragmatic.” - Chicago Tribune“A must-read for any investor.” - The Browser“Imagine getting a week-long lesson on investing from someone with the common sense of Benjamin Franklin, the academic and institutional knowledge of Milton Friedman and the practical experience of Warren Buffett. That’s about what awaits you in the latest edition of this must-read by Burton Malkiel.” - Ba
Burton G. 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. Malkiel is the Chemical Bank Chairman's Professor of Economics Emeritus at Princeton University. . He is the chief investment officer of Wealthfront
Malkiel’s reassuring, authoritative, and perennially best-selling guide to investing is stronger than ever. This new edition features fresh material on exchange-traded funds and investment opportunities in emerging markets; a brand-new chapter on “smart beta” funds, the newest marketing gimmick of the investment management industry; and a new supplement that tackles the increasingly complex world of derivatives.. The best investment guide money can buy, with over 1.5 million copies sold, now fully revised and updated.In today’s daunting investment landscape, the need for Burton G. A Random Walk Down Wall Street has long been established as the first book to purchase when starting a portfolio