A Random Walk Down Wall Street: Including a Life-cycle Guide to Personal InvestingThis 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. |
Contents
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 |
PART THREE THE NEW INVESTMENT TECHNOLOGY | 197 |
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 |
| 445 | |
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