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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.
Easy to read and, on the same time, very informative... If you have some basic knowledge you have the opportunity to review the different perspectives on investments and decide... Read morePublished 3 days ago by Yiannis S.
As a student of finance I found this book to be incredibly enlightening. A brief warning before I delve into my review of the content though: some of this book can be a challenge... Read morePublished 4 days ago by Mitch Holbrook
A Random Walk Down Wall Street is truly a classic in investing. As such, it has passed the test of time and continues to be as fresh a read as ever. Read morePublished 6 days ago by Manuel Regalado
I found this book to be very helpful and would recommend it to friends and family. I am glad that I have taken the time to read it. Read morePublished 10 days ago by Alex
A clear, informative, and endearingly wry introduction to investments. Highly recommended.Published 10 days ago by Andrew Torres
A clasic;) You ought to read it. And the the most interesting and usefull about it is.......
Well there is no such thing as a free lunch, so I guess you will have to read it... Read more