A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition) 12th Edition, Kindle Edition

4.7 out of 5 stars 1,676 ratings
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ISBN-13: 978-0393358384
ISBN-10: 0393358380
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Editorial Reviews

From Booklist

In the tenth edition of A Random Walk down Wall Street, Malkiel evaluates and emphatically stands by his original investment thesis, that it is extremely rare for an individual investor to consistently beat the stock-market averages. Investors are better off buying and holding an index fund than attempting to buy and sell individual securities or actively managed mutual funds. An index fund which buys and sells all the stocks in a broad stock-market average is likely to outperform professionally managed funds whose high expense charges and large trading costs detract substantially from investor returns. With commentary on numerous investment issues, this readable investment guide for individuals offers information on the full range of new investment products available, the results of current research by academics and other marketplace professionals, and a section on investment strategies for retired investors or those anticipating retirement. This excellent book offers important information for individual investors and is a valuable resource for library patrons. --Mary Whaley --This text refers to an out of print or unavailable edition of this title.

From Library Journal

Princeton University economist Malkiel has written the sixth edition of his classic (LJ 9/15/73). The term "random walk" refers to the impossibility of predicting tomorrow's stock prices today. Technicians with all their charts cannot do so, nor can fundamentalists with all their ratios. The random walk is essentially the same as the "efficient market" theory-all new information is immediately reflected in stock prices, so the average investor can't beat the market. What's left? Buy no-load index funds (unavailable in 1973) or good stocks and hold for the long term. Before reaching this conclusion, Malkiel walks the reader through other useless theories with gentle humor and an abundance of tables and charts. The last part of the book is an extremely useful "practical guide" covering various aspects of an investor's financial life such as insurance and home ownership. Recommended for public libraries.
--Alex Wenner, Indiana Univ. Libs., Bloomington
Copyright 1996 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

Product details

  • ASIN : B07DP6YGVX
  • Publisher : W. W. Norton & Company; 12th edition (January 1, 2019)
  • Publication date : January 1, 2019
  • Language : English
  • File size : 20747 KB
  • Text-to-Speech : Enabled
  • Enhanced typesetting : Enabled
  • X-Ray : Not Enabled
  • Word Wise : Enabled
  • Print length : 430 pages
  • Lending : Not Enabled
  • Customer Reviews:
    4.7 out of 5 stars 1,676 ratings

Customer reviews

4.7 out of 5 stars
4.7 out of 5
1,676 global ratings
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Reviewed in the United States on December 29, 2019
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Reviewed in the United States on November 25, 2019
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Reviewed in the United States on October 9, 2020
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Reviewed in the United States on December 29, 2019
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Reviewed in the United States on May 23, 2016
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Top reviews from other countries

Nat Whilk
4.0 out of 5 stars Why it pays investors to keep things simple
Reviewed in the United Kingdom on May 13, 2014
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25 people found this helpful
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4.0 out of 5 stars Good read but do not expect in-depth knowledge.
Reviewed in the United Kingdom on June 22, 2020
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Maria S.
4.0 out of 5 stars Must read if you are interested in investing or trading.
Reviewed in the United Kingdom on August 8, 2020
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Amazon Customer
5.0 out of 5 stars Must read
Reviewed in the United Kingdom on November 2, 2020
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Monika Stratieva
5.0 out of 5 stars Top book for beginners
Reviewed in the United Kingdom on November 21, 2020
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