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

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W. W. Norton & Company, 1999 - Investments - 461 pages
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This gimmick-free, irreverent, and vastly informative guide shows how to navigate the turbulence on Wall Street and beat the pros at their own game. Skilled at puncturing financial bubbles and other delusions of the Wall Street crowd, Burton Malkiel shows why a broad portfolio of stocks selected at random will match the performance of one carefully chosen by experts. Taking a shrewd look at the high-tech boom and its aftermath, Malkiel shows how to maximize gains and minimize losses in this era of electronic brokers, virtual gurus, and flashy investment vehicles. Learn how to analyze the potential returns, not only for stocks and bonds, but for the full range of investment opportunities, from money market accounts and real estate investment trusts to insurance, home owning, and tangible assets like gold and collectibles. Decode the rating game for mutual funds, and discover the unique advantages of index mutual funds over the wide range of riskier alternatives. Year in and year out the best investing guide money can buy, this enhanced edition includes an update of Professor Malkiel's famous "Life-Cycle Guide to Investing," showing how to match an investment strategy to your stage of life.
 

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The best book!

User Review  - anitasb - Overstock.com

We make this a recommended reading to MBA students and to all our friends who do not have a good understanding of financial markets. This book is definitely EXCELLENT. Read full review

A random walk down Wall Street: the time-tested strategy for successful investing

User Review  - Not Available - Book Verdict

Why would anyone want to invest in the stock market today? Malkiel (economics, Princeton) was trying to answer that very question when he first published this book in 1973. Over the years, the work ... Read full review

Contents

Preface
13
PART ONE STOCKS AND THEIR VALUE
21
The Madness of Crowds
35
Stock Valuation from the Sixties through
55
The FirmFoundation Theory of Stock Prices
95
PART Two How THE PROS PLAY THE BIGGEST GAME IN TOWN
115
Technical Analysis and the RandomWalk Theory
138
How Good Is Fundamental Analysis?
165
Is the Market
240
PART FOUR A PRACTICAL GUIDE FOR RANDOM WALKERS
275
A Primer
326
A LifeCycle Guide to Investing
351
Three Giant Steps Down Wall Street
372
A Random Walkers Address Book and Reference Guide
409
Bibliography
429
Index
445

PART THREE THE NEW INVESTMENT TECHNOLOGY
197
Reaping Reward by Increasing Risk
220

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About the author (1999)

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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