A Random Walk Down Wall Street

Posted on 12 November 2017 by Burton G. Malkiel

Today s stock market is not for the faint of heart At a time of frightening volatility, what is the average investor to do The answer turn to Burton G Malkiel s advice in his reassuring, authoritative, gimmick free, and perennially best selling guide to investing Long established as the first book to purchase before starting a portfolio or 401 k , A Random Walk Down Wall Street now features new material on tax loss harvesting, the crown jewel of tax management the current bitcoin bubble and automated investment advisers as well as a brand new chapter on factor investing and risk parity And as always, Malkiel s core insights on stocks and bonds, as well as real estate investment trusts, home ownership, and tangible assets like gold and collectibles along with the book s classic life cycle guide to investing, will help restore confidence and composure to anyone seeking a calm route through today s financial markets. New Download A Random Walk Down Wall Street [ by ] Burton G. Malkiel [ Kindle ePUB or eBook ] – kino-fada.fr English A Random Walk Down Wall Street ItalianoA challenging walk around Wall Street, in different time periods that affected the American economy and consequently the World, in order to provide us the necessary elements to understand the main investment rules applied on the stock exchange Burton G Malkiel describes with clear examples the differences between audacious investment strategies, designed to quickly profit, andprudent strategies that aim to increase profits in longer time English A Random Walk Down Wall Street ItalianoA challenging walk around Wall Street, in different time periods that affected the American economy and consequently the World, in order to provide us the necessary elements to understand the main investment rules applied on the stock exchange Burton G Malkiel describes with clear examples the differences between audacious investment strategies, designed to quickly profit, andprudent strategies that aim to increase profits in longer times.Recommended for those who want an introduction to the stock market world.Vote 7Una 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 bor...Many years ago I bought this book about the stock market In retrospect, it is the worst book I ve ever bought because it made me believe in efficient capital markets The author made his point with a lot of arrogance just like finance professors did 15 20 years ago At the time the markets very certainly not as efficient as the author believed There have been several updates to the book, but the condescending voice of the author remains.For the statistically interested, the problem with a lo Many years ago I bought this book about the stock market In retrospect, it is the worst book I ve ever bought because it made me believe in efficient capital markets The author made his point with a lot of arrogance just like finance professors did 15 20 years ago At the time the markets very certainly not as efficient as the author believed There have been several updates to the book, but the condescending voice of the author remains.For the statistically interested, the problem with a lot of old finance and also not so old research was that it was testing the theory that the market was efficient That is poor philosophy of science You should always test the opposite of what your theory stipulates If you can reject the opposite, your theory is as supported as it can b...Because I read so often, I sometimes think that once in a while I should read something that might materially benefit me So when my brother gave me this book, I thought why not and dove in.The first thing I noticed is that Malkiel is a surprisingly gifted writer He is capable of telling a good story, he s cultured enough to make interesting references, and he has that quintessential skill of all popular writers the ability to present ideas clearly without dumbing them down For someone in Because I read so often, I sometimes think that once in a while I should read something that might materially benefit me So when my brother gave me this book, I thought why not and dove in.The first thing I noticed is that Malkiel is a surprisingly gifted writer He is capable of telling a good story, he s cultured enough to make interesting references, and he has that quintessential skill of all popular writers the ability to present ideas clearly without dumbing them down For someone in my position who managed to get this far in life while remaining astoundingly ignorant of these matters I can t imagine a better introduction into the world of finance Malkiel gives you a little history, a little theory, and a lot of practical advice.Given that I am, as aforesaid, a neophyte, I cannot give an intelligent appraisal of this book That being said, Malkiel did manage to be very convincing He presents anecdotal...From talking to friends and reading an internal financial mailing list at work I got the vague impression that this book was somehow too esoteric or controversial to bother with I am very glad that I decided to read this book.It s hard to work in Silicon Valley without being affected by Wall Street When I started working I was interested in technology, not business and finance Business and finance seemed a bit beneath me Actually, technology seemed a bit beneath me too I was kind of a snot From talking to friends and reading an internal financial mailing list at work I got the vague impression that this book was somehow too esoteric or controversial to bother with I am very glad that I decided to read this book.It s hard to work in Silicon Valley without being affected by Wall Street When I started working I was interested in technology, not business and finance Business and finance seemed a bit beneath me Actually, technology seemed a bit beneath me too I was kind of a snot in my twenties But learning technology was directly related to my income, which forced me to pay enough attention to it to become interested Eventually I got to a point where I had to deal with ...Great theories to learn I can see why this became a classic for investors The Firm Foundation Theory Fundamental Analysis The Castle in the Air Theory Technical AnalysisWe live in an age when most people have to control their own retirement destiny by making decisions about 401 k , 403 b , and IRAs Even people with the most modest incomes are encouraged to confront that reality.Malkiel s approach is excellent for most of us who are not into stock analysis He gets high marks for a couple of things 1 He proposed a market index fund before such a thing even existed 2 He has revised his book eleven times In other words he has some street cred Wall Street We live in an age when most people have to control their own retirement destiny by making decisions about 401 k , 403 b , and IRAs Even people with the most modest incomes are encouraged to confront that reality.Malkiel s approach is excellent for most of us who are not into stock analysis He gets high marks for a couple of things 1 He proposed a market index fund before such a thing even existed 2 He has revised his book eleven times In other words he has some street cred Wall Street cred I read this because Jack Bogle of Vanguard fame recommends it as the best book to read on the subject of investment And the real point of reading it I wanted to see what Malkiel s update had to say about my retirement funds in the current economic environment At times I wondered who Malkiel was directing the book at Some of his advice is rema...Investors are bound to have heard about this classic and it s author, economist Burton Malkiel In this book, he explains that the market is highly efficient, and no one can accurately predict its ups and downs it s a random walk So, the best approach is passive, buy and hold investing using diversified index funds held long term I recommend this book to investors of any level, especially those attracted to active, speculative investing.The book begins with a fairly boring recount of seve Investors are bound to have heard about this classic and it s author, economist Burton Malkiel In this book, he explains that the market is highly efficient, and no one can accurately predict its ups and downs it s a random walk So, the best approach is passive, buy and hold investing using diversified index funds held long term I recommend this book to investors of any level, especially those attracted to active, speculative investing.The book begins with a fairly boring recount of several financial bubbles throughout history, to prove the irrational exuberan...Malkiel s been writing and rewriting this classic tome on investing for the last thirty five years I gave him 5 stars for being fully engaged in the process of revision Sometimes I wish all authors would write and rewrite just one good book and that actors would star in only one movie But that s like asking investors to put their money in just a few low cost funds and hold it there for decades hey, that s what Malkiel s talking about So it s not the most exciting approach to investin Malkiel s been writing and rewriting this classic tome on investing for the last thirty five years I gave him 5 stars for being fully engaged in the process of revision Sometimes I wish all authors would write and rewrite just one good book and that actors would star in only one movie But that s like asking investors to put their money in just a few low cost funds and hold it there for decades hey, that s what Malkiel s talking about So it s not the most exciting approach to investing but it will, in the long run, turn out to be the most rewarding.This newly rewritten version of Malkiel s classic Random Walkfirst published in 1973 but essentially rewritten at least four or five times si...This is probably the best book ever written on the investment side of personal finances It goes into extensive detail as to why you should strongly consider index funds or ETFs rather than mutual funds, individual stocks, or help from a personal financial adviser All 3 of these last alternatives come with a load in terms of either your time or money or both First, Mutual funds are managed and rarely outperform the market For this lack of performance, you get to give away a percentage each This is probably the best book ever written on the investment side of personal finances It goes into extensive detail as to why you should strongly consider index funds or ETFs rather than mutual funds, individual stocks, or help from a personal financial adviser All 3 of these last alternatives come with a load in terms of either your time or money or both First, Mutual funds are managed and rarely outperform the market For this lack of performance, you get to give away a percentage each year for the management fees Note that these fees apply whether the mutual fund goes up or down.Second, individual stocks are hard to pick without investing a serious amount of time I also find that EVERYONE myself in...An absolutely amazing book going through the essentials of investing and the financial market There is so much useful information digested for the common folk which I have been looking for in various other titles without success The author occasionally exaggerates and gives extreme examples to put emphasis on his points which can be a bit annoying at times I also regret reading a quite old version of the book which has been published right before the economic crisis of 2008 I would say its a An absolutely amazing book going through the essentials of investing and the financial market There is so much useful information digested for the common folk which I have been looking for in various other titles without success The author occasionally exaggerates and gives extreme examples to put emphasis on his points which can be a bit annoying at times I also regret reading a quite old version of the book which has been published right before the economic crisis of 2008 I would say ...

12 November 2017

Burton G. Malkiel