A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy
Description
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.
Specifications
| Dimensions | 13.97 x 3.05 x 21.08 cm |
| Edition | 13th |
| Isbn 10 | 1324035439 |
| Isbn 13 | 978-1324035435 |
| Item Weight | 366 g |
| Language | English |
| Print Length | 480 pages |
| Publication Date | 30 Jan. 2024 |
| Publisher | WW Norton & Co |
Reviews
User
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.
User
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.
User
common sense approach to investing
reinforces the need to be diversified
User
Highly recommend
I'm in finance, and really enjoyed it.
User
Valuable book
It's very well structured and you'll learn a lot to manage your money.
User
Classic text that doesn't age
Classic text - every bookshelf should have this.
User
Great book
Great book and the price is better than that in high street.
User
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.
User
Good book
Great
User
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
User
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.
User
Good Read
Good read
User
Indisponsable
Un indispensable pour lutter contre l’analphabétisme financier, une compétence que les écoles n’ont pas offerte et n’offrent toujours pas aux jeunes
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