A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy
Product ID: 545300132
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One of the “few great investment books” (Andrew Tobias) ever written, with 2 million copies in print In a time of rampant misinformation about ways of growing your money, Burton G. Malkiel’s gimmick-free investment guide is more necessary than ever. Whether you’re considering making your first investment or contemplating retirement, the fully updated, fiftieth anniversary edition of A Random Walk Down Wall Street remains the best investment guide money can buy. Drawing on his experience as an economist, financial adviser and successful investor, Malkiel shows why an individual who saves consistently over time and buys a diversified set of index funds can achieve above-average investment results. He addresses current investment fads and critically analyses cryptocurrencies, NFTs and meme stocks. Malkiel reveals how to be a tax smart investor and how to make sense of recently popular investment management techniques, including factor investing, risk parity and ESG portfolios. Investors of every age, experience level and risk tolerance will find the step-by-step guidance they need to protect and grow their money. Review: You have to read it ? - A Must read. Really truthful and honest book. Amazing knowledge to be gained for anyone serious about making and protecting what you make. Review: Must Have on basic investment knowledge - This book is the best book you can have on long term investing. Reading this book has helped me understanding what the real investment is.
| Best Sellers Rank | 13,915 in Books ( See Top 100 in Books ) 13 in Financial Retirement Planning 32 in Personal Money Management 37 in Personal Financial Investing |
| Customer Reviews | 4.7 out of 5 stars 760 Reviews |
M**A
You have to read it ?
A Must read. Really truthful and honest book. Amazing knowledge to be gained for anyone serious about making and protecting what you make.
W**R
Must Have on basic investment knowledge
This book is the best book you can have on long term investing. Reading this book has helped me understanding what the real investment is.
M**.
Great book
Great book and the price is better than that in high street.
C**N
Valuable book
It's very well structured and you'll learn a lot to manage your money.
T**S
Classic text that doesn't age
Classic text - every bookshelf should have this.
E**A
Highly recommend
I'm in finance, and really enjoyed it.
M**R
US market biased narrative, but some interesting and up-dated pieces.
This is a reasonably easy read, and most of it makes a good deal of sense. It promotes that individuals will usually be best served by accumulating their wealth through regular investment into indexed products. It justifies this approach by analysing all the other common approaches - technical & fundamental analysis, smart beta, risk parity & ESG investing, and compares the results of each approach over time. It also gives specific age-related advice for portfolio construction, but this assumes the investor is a US citizen so is much less useful to a UK reader. Where I think the book is really weak is that it does not analyse in any detail the dreadful year of 2022 when nearly all investors were down. Indeed, in Chapter 8 when discussing diversification, it states that Bonds were a good place to hide in the Great Financial Crash of 2008-9, yet doesn't mention at all the fact that bonds were not the place to hide in 2022. It is almost as if they don't want to spoil their diversification theory with the most recent and un-supporting evidence.
S**X
Creased front cover
Big crease down front of cover. Bought as a gift so unimpressed.
R**E
Good book
Great
G**.
ottimo libro
E' un classico: spiega come funziona nella pratica il mercato finanziario. Ora il funzionamento è cambiato, con i sistewmi di trading automatizzati, ma restano le regole basi
A**N
Covers every aspect
Such a thorough and comprehensive coverage of stock market and bond investment! Burton Malkiel's tone and style was quite a pleasure to read.
J**R
Good Read
Good read
J**I
Great read for new investors
This is a great book for anyone starting to invest, or for someone who’s tried individual stock picking. Basically, the whole book lays out arguements as to why you should invest in broad market index funds and etfs as opposed to any other investing strategy. There is no beating the market, just matching the market over several decades. This book has given me the confidence to consistently invest and build my net worth slowly through tax advantaged retirement accounts. For the price of this book, you get a lot of return.
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