A Random Walk Down Wall Street: Including a Life-cycle Guide to Personal Investing

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W. W. Norton & Company, 1996 - Investments. - 522 pages
8 Reviews
In the newest edition of his best-selling investment guide, Burton G. Malkiel maps a clear path through the dizzying array of new financial instruments in this era of high-risk investing. Now more than ever, this sure-footed, irreverent, and vastly informative volume is an indispensable "best buy" for personal money management. In "A Random Walk Down Wall Street" you will discover how to beat the pros at their own game and learn a user-friendly long-range investment strategy that tailors investors' financial objectives to their particular incomes at any age. New material covers the dynamic but risky markets in futures and options, takes a shrewd look at derivative-type securities, and offers strategies to reduce the tax bite from investment earnings.
 

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LibraryThing Review

User Review  - JoeYee - LibraryThing

Read the 2007 edition, some of the information are outdated but most of them are still useful. Great explanations for beginners. Yes, this book is biased even Malkiel said so himself but so all any ... Read full review

LibraryThing Review

User Review  - browner56 - LibraryThing

Professors teaching security analysis in business schools face an interesting dilemma: We train people how to identify situations where a stock’s price and intrinsic value may differ, despite the fact ... Read full review

Contents

Preface
13
PART ONE STOCKS AND THEIR VALUE
21
The Madness of Crowds
34
Stock Valuation from the Sixties into the Nineties
54
The FirmFoundation Theory of Stock Prices
93
PART Two How THE PROS PLAY THE BIGGEST GAME IN TOWN
113
Technical Analysis and the RandomWalk Theory
137
How Good Is Fundamental Analysis?
164
An Appraisal of the Evidence
269
A Primer
277
What Determines Prices in
311
A Fitness Manual for Random Walkers
317
The Determinants of Stock and Bond Returns and How
366
A LifeCycle Guide to Investing
400
Three Giant Steps Down Wall Street
421
A Random Walkers Address Book and Reference Guide to Mutual
461

Is the Stock
194
PART THREE THE NEW INVESTMENT TECHNOLOGY
225
Beyond Beta
251

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About the author (1996)

Burton G. Malkiel is the Chemical Bank Chairman's Professor of Economics Emeritus at Princeton University. He is a former member of the Council of Economic Advisers, dean of the Yale School of Management, and has served on the boards of several major corporations, including Vanguard and Prudential Financial. He is the chief investment officer of Wealthfront.

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