A Random Walk Down Wall Street

A Time-Tested Strategy for Successful Investing (Eleventh Edition)

By: Burton G. Malkiel

Narrated by: George Guidall

In a time of market volatility and economic uncertainty, when high-frequency traders and hedge fund managers seem to tower over the average investor, Burton G. Malkiel's classic and gimmick-free investment guide is now more necessary than ever. Rather than tricks, what you'll find here is a time-tested and thoroughly research-based strategy for your portfolio. Whether you're considering your first 401(k) contribution or contemplating retirement, this fully updated edition of A Random Walk Down Wall Street should be the first book on your wish list.

In A Random Walk Down Wall Street, you'll learn the basic terminology of "The Street" and how to navigate it with the help of a user-friendly, long-range investment strategy that really works. Drawing on his own varied experience as an economist, financial adviser, and successful investor, Malkiel shows why, despite recent advice to the contrary from so-called experts in the wake of the financial crisis, an individual who buys over time and holds a low-cost, internationally diversified index of securities is still likely to exceed the performance of portfolios carefully picked by professionals using sophisticated analytical techniques.

In this new edition, Malkiel has provided valuable new material throughout the book on exchange-traded funds and investment opportunities in emerging markets, and in a brand-new, timely chapter, Malkiel authoritatively assesses the pitfalls and prospects of the latest investing trend, "smart beta". On top of all this, the book's classic life-cycle guide to investing, which tailors strategies to investors of any age, will help you plan confidently for the future. You'll learn how to analyze the potential returns not only for basic stocks and bonds but for the full range of investment opportunities - from money-market accounts and real estate investment trusts to insurance, home ownership, and tangible assets like gold and collectibles.

©2015 W.W. Norton & Company Inc. (P)2015 Recorded Books

Well written book full of advice!

It felt like I had a wise father sitting in my car teaching me the ropes of investing. Lots of advice backed up by academic research and historical facts. It should be one's first book on investing.

Lot of truth

There is no sugar coating
ETFs is the way to invest
Diversify markets and
You should handle your own investments

Intense and implementable.

Intense because it covers a lot of history.
implementable because the lessons are consistent in theme and simple to follow.

Great book for getting some valuable information about stock markets

This book is a great resource to get some basic and practical information to use in the stock market. If you are someone that does not have any info about the market or someone with limited info, this book could guide you how to react to the market fluctuations. The author in different parts of the book emphasize on its basic principle which sometimes become overwhelming. I believe that the flow of the book could be better and more attractive to readers.

Informative

Interesting and practical.

I would recommend this to anyone who is looking for insight into managing their investment portfolio.