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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.
This book is a MUST READ for anyone who is considering investing in mutual funds or the stock market. The history reviewed is invaluable. Read morePublished 3 days ago by Scott
I'm pretty new to the stock market and I've tried reading a few other books on the topic (including "Investing for Dummies" and "Getting Started In Stock Investing and... Read morePublished 6 days ago by Christina H.
If you make your own financial moves (investments, etc), this book is referred to as "required reading. Read morePublished 8 days ago by Dr. Mike S
If you are going to manage your own funds and invest them in securities, as I do, this is a must read.
It is thorough, detailed, and well written. Read more
Kind of boring and tedious at times, but it's all true and it's a great way to think about markets and investing in general. Read morePublished 14 days ago by R. Sullivan
It's a shame that is it so boring. There are a few useful tidbits but you have to slug through over 400 pages to get to it. Much better resources out there!Published 18 days ago by hollyc360