A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition)

Front Cover
W. W. Norton & Company, Jan 10, 2011 - Business & Economics - 496 pages
3 Reviews

One of the "few great investment books" (Andrew Tobias) ever written.

A Wall Street Journal Weekend Investor "Best Books for Investors" Pick

Especially in the wake of the financial meltdown, readers will hunger for Burton G. Malkiel’s reassuring, authoritative, gimmick-free, and perennially best-selling guide to investing. With 1.5 million copies sold, A Random Walk Down Wall Street has long been established as the first book to purchase when starting a portfolio. In addition to covering the full range of investment opportunities, the book features new material on the Great Recession and the global credit crisis as well as an increased focus on the long-term potential of emerging markets. With a new supplement that tackles the increasingly complex world of derivatives, along with the book’s classic life-cycle guide to investing, A Random Walk Down Wall Street remains the best investment guide money can buy.
 

What people are saying - Write a review

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
17
1
25
2
37
13
52
3
56
4
80
5
111
6
138
TaxExempt Bonds Are Useful for HighBracket Investors
330
Remember That Commission Costs Are Not Random Some
336
Four Eras of Financial Market Returns
345
A LifeCyCLe Guide to investinG
359
Three Guidelines to Tailoring a LifeCycle Investment Plan
373
LifeCycle Funds
379
The DoItYourself Method
385
Investing in Index Funds
391

7
163
8
195
reapinG reward By increaSinG riSk
215
BehaVioral Finance
235
potShotS at the eFFicientMarket theory and why they
267
part Four
301
Potentially Useful StockPicking
402
The Morningstar MutualFund Information Service
409
Some Last Reflections on Our Walk
415
Index
427
Copyright

Other editions - View all

Common terms and phrases

About the author (2011)

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.

Bibliographic information