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First published in 1973, this seventh printing of a A Random Walk looks forward and does so broadly, examining a new range of investment choices facing the turn-of-the-century investor: money-market accounts, tax-exempt funds, Roth IRAs, and equity REITs, as well as the potential benefits and pitfalls of the emerging global economy. In his updated "life-cycle guide to investing," Malkiel offers age-related investment strategies that consider one's capacity for risk. (A 30-year-old who can depend on wages to offset investment losses has a different risk capacity from a 60-year-old.) In his assessment of rocketing Internet stocks, Malkiel defends his "random" position well, explaining how "the market eventually corrects any irrationality--albeit in its own slow, inexorable fashion. Anomalies can crop up, markets can get irrationally optimistic, and often they attract unwary investors. But eventually, true value is recognized by the market, and this is the main lesson investors must heed." Written for the financial layperson but bolstered by 30 years of research, A Random Walk will help individual investors take charge of their financial future. Recommended. --Rob McDonald --This text refers to an out of print or unavailable edition of this title.
If you only read one book on investing/finance, I suggest Random Walk. A solid believer, as am I, in the weak form of the Efficient Markets Theory, he explains it in very... Read morePublished 3 days ago by J. Davis
This book is the most rational book written on investing that I have ever read. Malkeil's balanced approach in presenting his take on Efficient Market Hypothesis, is the most... Read morePublished 5 days ago by vincent anthony
Dr. Malkiel is from the school of thought that stock valuation exercises are mostly futile. He makes a really good case for it in this classic. Read morePublished 12 days ago by Anchorite
Should be a Top 3 book of all time for people interested in learning about investments. This is the book that won the war on efficient markets forty years ago, and provided the... Read morePublished 19 days ago by Michael Taylor
Very good book explaining the intricacies of stock market in very simple terms.Published 1 month ago by Pravin Dravid
Way too wordy with anecdotal life stories. You want just investing information, get Bogle's "Little Book...".Published 1 month ago by john smith