A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
A challenging walk around Wall Street, in different time periods that affected the American economy and consequently the World, in order to provide us the necessary elements to understand the main investment rules applied on the stock exchange. Burton G. Malkiel describes with clear examples the differences between audacious investment strategies, designed to quickly profit, and more prudent strategies that aim to increase profits in longer...more
For the statistically interested, the problem with a ...more
The first thing I noticed is that Malkiel is a surprisingly gifted writer. He is capable of telling a good story, he's cultured enough to make interesting references, and he has that quintessential skill of all popular writers: the ability to present ideas clearly without dumbing them down. For someone in ...more
It's hard to work in Silicon Valley without being affected by Wall Street. When I started working I was interested in technology, not business and finance. Business and finance seemed a bit beneath me. (Actually, technology seemed a bit beneath me too. I was kind of a snot ...more
Malkiel’s approach is excellent for most of us who are not into stock analysis. He gets high marks for a couple of things: (1) He proposed a market index fund before such a thing even existed. (2) He has revised his book eleven times. In other words he has some street cred. Wall Street ...more
The book begins with a fairly boring recount of ...more
First, Mutual funds are managed and rarely outperform the market. For this lack of performance, you get to give away a percentage each ...more
I apply that approach the (index funds) to the Nikkei Stock Average and the Dow Jones industrial average stock price.
I have already read the book several times by overlapping edition.
I carry out the index funds .
Periodically I buy it
Practice is important!!!!!!!!!!!!!!!!!!!
---------- it probability distribution manner to distribute the investment in each month
This is the right decision.
the book is worthy of reading repeat and then You ...more
Great lifetime investing advice, fabulous wisdom and a complete book for Americans but As an Iranian person, I am saying It helped me to think sharp and by every piece of my heart I am saying that I am owing you, Burton G. Malkiel ...more
While the book is over 400 pages, Burton Malkiel is entertaining in his approach, and his arguments / explanations are incredibly easy to follow. This book is aimed at the individual investor, and he makes a good amount of effort to make sure his knowledge is accessible to all.
That said, there is a lot here, everything from the ...more
- An easy and mostly accessible read for those with almost 0 knowledge of economics or finance. Some economic and finance ...more
The record of professionals does not suggest that sufficient predictability exists in the stock market or that there are enough recognizable irrationalities to produce exploitable opportunities to earn...more
This book is a far more robust reference on investing than Dave Ramsey's advice. (Props to Dave for helping lots of people get out of debt though.) However, if you're reading this book, you're probably not really in the market for Dave Ramsey, and vice versa.
Investing has moved on since Malkiel wrote this book, and a lot of his thoughts and information are outdated. There's just better research - Bogle, Kitces, Wade Pfau, Larry Swedroe, et al have advanced the ...more
I've read more than a few books on investing and trading. ...more
"Investors would be far better off buying and holding an index fund than attempting to buy and sell individual securities or actively managed mutual funds."
There's not much more to it.
The rest is a generally readable and informative background and support for this theory, plus a lot of good general investing understanding.
I feel more informed after reading this.