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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.
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 1 day ago by hollyc360
Clarity, common sense and absence of hype.
That's a rare thing in the finance world.
There is a reason why this book is in its multi edition
Should be required... Read more
A classic – love this book. A random walk is when future steps or direction cannot be determined based on past actions or history. This describes the stock market. Read morePublished 17 days ago by Earl Grey
Very helpful and practical book. It combines detailed research justifying the conclusion that it is nearly impossible to outperform the securities markets, especially on a... Read morePublished 23 days ago by Amazon Customer
As a 19 year old interested in Finance, I found this book to be informative and engaging. For individuals like my self that may not be too concerned about retirement age, the book... Read morePublished 25 days ago by HOrsemanure
If you are planning to have a retirement account using mutual funds, you must read this book. I wish I read it earlier!Published 25 days ago by rnaeye
Great read. Might be a somewhat difficult to understand with absolutely zero financial background but if you should be fine.Published 1 month ago by Wil