A random walk down Wall Street : the best investment guide that money can buy Cover Image

Book

A random walk down Wall Street : the best investment guide that money can buy / Burton G Malkiel.

Summary:

"In a time of rampant misinformation about ways of growing your money, Burton G. Malkiel's gimmick-free investment guide is more necessary than ever. Whether you're considering your first 401k contribution or contemplating retirement, the fully updated, fiftieth anniversary edition of A Random Walk Down Wall Street remains the best investment guide money can buy. Drawing on his experience as an economist, financial adviser, and successful investor, Malkiel shows why an individual who saves consistently over time and buys a diversified set of index funds can achieve above-average investment results. He addresses current investment fads and critically analyzes cryptocurrencies, NFTs, and meme stocks. Malkiel reveals how to be a tax smart investor and how to make sense of recently popular investment management techniques, including factor investing, risk parity, and ESG portfolios. Investors of every age, experience level, and risk tolerance will find the step-by-step guidance they need to protect and grow their dollars"-- Provided by publisher.

Record details

ISBN: 9781324051138
ISBN: 1324051132
Physical Description: 432 pages : illustrations ; 25 cm.
Edition: Fiftieth anniversary edition, completely revised and updated.
Publisher: New York, NY : W.W. Norton and Company, [2023]
Copyright: ℗♭2023.

Content descriptions

General Note:

Includes index.

Formatted Contents Note:

Part one. Stocks and their value : Firm foundations and castles in the air ; The madness of crowds ; Speculative bubbles from the sixties into the nineties ; The explosive bubbles in the early decades of the 2000s -- Part two. How the pros play the biggest game in town : Technical and fundamental analysis ; Technical analysis and the random-walk theory ; How good is fundamental analysis? The efficient-market hypothesis -- Part three. The new investment technology : A new walking shoe: modern portfolio theory ; Reaping reward by increasing risk ; Behavioral finance ; New methods of portfolio construction: smart beta, risk parity, and ESG investing -- Part four. A practical guide for random walkers and other investors : A fitness manual for random walkers and other investors ; Handicapping the financial race: a primer in understanding and projecting returns from stocks and bonds ; A life-cycle guide to investing ; Three giant steps down Wall Street.