A Random Walk Down Wall Street PDF is a book by Burton Malkiel that was first published in 1973. The book is about investing and discusses the efficient-market hypothesis. The book has sold over 1.5 million copies and has been translated into 18 languages. A new edition of the book was published in 2015.
The book explores the ideas of the efficient-market hypothesis and argues that stock prices reflect all available information. The book also includes a discussion of technical analysis, fundamental analysis, and active investing. Malkiel also critiques some investment strategies such as market timing and investing in penny stocks.
The book has received generally positive reviews. Critics have praised the book for its clear explanations and its analysis of investment strategies. However, some reviewers have criticized the book for its focus on the stock market and lack of discussion of other investments such as bonds and real estate.
A Random Walk Down Wall Street is one of the most popular investing books ever published. It is available in multiple formats, including paperback, Kindle, and audiobook.
Table of Contents
A Random Walk Down Wall Street Summary
In this book, Burton G. Malkiel provides a clear and objective guide to the world of investments and portfolio management. He offers sound investment advice, whether you are a seasoned investor or just starting out.
Malkiel begins with an overview of the investment process and the different types of assets that investors can choose from. He then delves into the heart of investment analysis, explaining how to spot trends in the stock market and how to choose stocks that are likely to outperform the market. He also covers bonds, mutual funds, and other investment vehicles.
Malkiel provides readers with a clear understanding of the risks and rewards associated with investing. He debunks many myths about investing, such as the idea that timing the market is a winning strategy. Malkiel shows readers how to build a diversified portfolio that will weather the ups and downs of the stock market.
A Random Walk Down Wall Street is an essential guide for anyone who wants to make smart, sound investments. With Malkiel’s clear explanations and objective advice, you can confidently navigate the world of investing.
Details of A Random Walk Down Wall Street Book
|Book||A Random Walk Down Wall Street|
|Publisher||W. W. Norton & Company, Inc.|
Multiple Languages Editions of A Random Walk Down Wall Street Book
A Random Walk Down Wall Street book has been translated into many languages other than English. The most recent edition, in 2019, was translated into Mandarin Chinese and released in China.
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About the Author
Burton Malkiel is an American economist and author, best known for his 1973 book A Random Walk Down Wall Street. He is the Chemical Bank Chairman’s Professor of Economics Emeritus at Princeton University and a senior adviser at The Vanguard Group.
Malkiel was born on December 21, 1932, in New York City to Jewish parents. His father was a partner in a successful Wall Street firm and his mother was a stay-at-home mom. Malkiel graduated from The Choate School in 1950 and received his B.A. magna cum laude in economics from Harvard College in 1954. He then served for two years in the U.S. Army. Afterward, he attended Princeton University, receiving his Ph.D. in economics in 1962.
Malkiel has been a faculty member at Princeton since 1963. He was chairman of the Department of Economics from 1986 to 1989. He is currently the Chemical Bank Chairman’s Professor of Economics Emeritus and a senior adviser at The Vanguard Group.
Malkiel is best known for his 1973 book A Random Walk Down Wall Street. The book has sold more than 1.5 million copies and has been translated into 18 languages. In the book, Malkiel challenges the efficient-market hypothesis, which states that stock prices reflect all available information.
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FAQs(Frequently Asked Questions)
What does A Random Walk Down Wall Street teach you?
It teaches us that the stock market is efficient and that past prices can’t be used to predict future prices.
Is A Random Walk Down Wall Street book worth reading?
Yes, the book is definitely worth reading. It’s full of interesting information and provides a great introduction to investing.
Who is the main target audience of A Random Walk Down Wall Street book?
The book is aimed at investors of all levels, from beginners to experienced.
Why was A Random Walk Down Wall Street book written?
The book was written to provide investors with an introduction to the efficient market hypothesis.
What are some of the key concepts in A Random Walk Down Wall Street book?
The key concepts in the book are the efficient market hypothesis, past prices, and predicting future prices.