David's Reviews > A Random Walk Down Wall Street

A Random Walk Down Wall Street by Burton G. Malkiel
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Mar 21, 08

Read in March, 2008

A Random Walk Down Wall Street covers the subjects of market efficiency, risk and return, indexing, and a host of other investing ideas. It assumes that the reader has a pretty good idea of how the market operates and what a lot of the terminology means.

Where the last finance book I read, The Boglehead's Guide to Investing, covered how to invest in practice, this book goes into the theory behind its subject. Malkiel tries to prove his points with mathematical models, common sense, and (sometimes very funny) stories of his 35+ years in the market.

I don't recommend this book to everyone. It is certainly not a how-to book. Only read it if you want to understand more about the Effecient Market Hypothesis or the Random Walk Theory and you have a comfortable understanding of investing.
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