A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy
About This Book
Summary
Argues against "beating the market" and advocates for long-term investment in diversified index funds, explaining the efficient market hypothesis and critically analyzing investment fads.
Key Insights
Description
“A must-read for any investor.”― Browser 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 your first 401k contribution 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 analyzes 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 dollars