Given that, I found this book to be extremely useful as a high-level introduction and to start acquainting myself with the terminology and the available investment options for the non-professionals. This is probably the best book ever written on the investment side of personal finances. Whether you’re considering your first 401k contribution, contemplating retirement, or anywhere in between, A Random Walk Down Wall Street is the best investment guide money can buy. I can whole heartedly recommend this to anyone thinking of venturing into financial markets. In this new edition, Burton G. Malkiel shares authoritative insights spanning the full range of investment opportunities—including valuable new material on cryptocurrencies like bitcoin, and “tax-loss …  In many areas Malkiel takes a very long time to get to the point. The fourth section where he lays out the practical guide could have been a bit more organized. Publication date 1975 Topics Investments, Stocks, Investissements, Actions de sociétés, Marches aléatoires (mathématiques), Actions de societes, Marches aleatoires (mathematiques) He stops to debunk theories that would deny the efficient-market theory, and then launches into some great practical advice for the investor. Investors are bound to have heard about this classic and it’s author, economist.  I found this fascinating. However, I am pleased to have experienced the original source of this powerfully simple yet effective investment phi. You might not require more time to spend to go to the ebook introduction as competently as search for them. At the time the markets very certainly not as efficient as the author believed. Find helpful customer reviews and review ratings for A Random Walk down Wall Street: The Time-tested Strategy for Successful Investing at Amazon.com. Firm Foundations and Castles in the Air What Is a Random Walk? There is so much useful information digested for the common folk which I have been looking for in various other titles without success.  “If it really were a $100 bill, someone else would have picked it up by now. How do I post goodreads updates on my LinkedIn? One of the few books about financial markets and investing, covering the essential parts and providing a lot of useful guidelines, ideas, and information about the former topics. Personally, it was a good review of finance 101, with a pretty solid explanation of modern portfolio theory, and CAPM. The opinions in the abstract only reflect I really love the humorous examples he uses throughout the book. Following Malkiel's strategy of buying and holding index funds (and not reacting to market conditions), an investor would have reaped negative returns when inflation is factored in. Book Rating Audio Rating Overall . Burton G. Malkiel. The author occasionally exaggerates and gives extreme examples to put emphasis on his points which can be a bit annoying at times. The ideas in this book are now so ubiquitously accepted, that I actually learned very little new information. Not the guys who sit in front of their Bloomberg terminals for 12 hours a day; not the causal investor who gets her cold-off-the-press news from the FT; and definitely not you: the person who just spent 40 minutes looking up acronyms mentioned on page 3 of an introductory book on investing, written in a double-spaced size-14 typeface.  This is OK for someone like me that likes some of the details, but it got a bit much at times. If I have very little money or assets to work with am I going to get much out of this book? I gave him 5 stars for being fully engaged in the process of revision. “Never buy anything from someone who is out of breath.”, “It is not hard to make money in the market. I gave him 5 stars for being fully engaged in the process of revision. Consigliato a chi vuole un introduzione sul mondo della borsa. No one's going to consistently beat the market. First published forty years ago, A Random Walk Down Wall Street by Burton G. Malkiel is one of those books – much like Benjamin Graham’s The Intelligent Investor – more referred to than actually read. Read in case I ever get an interview for a job in finance. The Madness of Crowds The Tulip-Bulb Craze 00 The South Sea Bubble 00 Wall Street Lays an Egg 00 An Afterword 00 3. Â. Great theories to learn!I can see why this became a classic for investors. So it's not the most exciting approach to investing; but it will, in the long run, turn out to be the most rewarding. Try AbeBooks. Pembayaran mudah, pengiriman cepat & bisa cicil 0%.  It’s a $100 bill,” the student exclaims. The book is really long (450+ pages!). He gives a perfect description of the random walk theory and why this can help to explain nearly all of the stock market variation and those “hot shot” fund managers that seem to come out of nowhere, take the world by storm, and fizzle out back into the shadows. I was already sold on Malkiel's approach to the stock market before I even picked this book up -- I'm a big supporter of Wealthfront, the investment platform for which Malkiel serves as CIO -- but it was a valuable exercise to understand his reasoning in greater detail. In retrospect, it is the worst book I've ever bought because it made me believe in efficient capital markets. I would say its a. If you have a similar goal, I would recommend this book. A Random Walk Down Wall Street by Burton G Malkiel is “The Time Tested Strategy For Successful Investing.”. January 1st 2019 Welcome back. A Random Walk Down Wall Street . Malkiel's been writing and rewriting this classic tome on investing for the last thirty-five years. This is the book that turned my interest in personal finance into a low-boiling obsession. To be clear, many academics, most notably Eugene Fama, contributed to the intellectual framework by providing the theory, data, and studies. Section 3 of the book is pretty analytical, almost written for a different reader. Publication date 1999 Topics Stocks -- Prices -- Mathematical models, Random walks (Mathematics) … A pretty good read for what it's worth. A common sense approach to investing. Una stimolante “passeggiata” per Wall Street, percorrendo varie tappe temporali che hanno segnato l’economia americana in primis, e di riflesso quella mondiale, allo scopo di fornirci gli elementi necessari a comprendere le principali regole di investimento in borsa. If you want to concentrate on the practical advice, you can skip it.  We know that it can’t be a $100 bill.”  For me, this perfectly illustrated the debate between being able to beat the market averages and the efficient market hypothesis. 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