Book & podcast collection

A Random Walk Down Wall Street

byBurton G. Malkiel

Economist Burton G. Malkiel offers a comprehensive introduction to investing built around the evidence that consistently beating efficient markets is extraordinarily difficult. He explains stocks, bonds, funds, diversification, risk, bubbles, behavioral mistakes, and retirement planning while making the case for low-cost index investing. Updated editions address new products and market conditions without abandoning the book's central principle: investors should focus on controllable factors rather than forecasts. Malkiel combines financial history with practical portfolio guidance, showing how disciplined saving, broad diversification, low fees, and patience can outperform more exciting but unreliable strategies.

Publisher

Norton & Company Limited, W. W.

Publication date

2003

Format

Print edition

Pages

448

ISBN

9780393066371