There are any number of authors and hucksters who will sell you a system that will guarantee you can beat the market. Curiously, though, few of them stick round for very long. Remember the big day trading frenzy of the 1990s? A lot of people blew all their savings on that one. I knew a lawyer who quit his job and managed to lose his savings, his house, and a good chunk of his in-laws' money with that guaranteed money maker. You can buy books that will tell you how to trade commodities, how to play the options market, why you should buy/sell gold... these methods and their hawkers come and go. And yet, "A Random Walk" is still in print almost 40 years after it was first published.
Malkiel's advice seems almost old fashioned now, but when he first published this book, it was revolutionary. It was the first book for the non-professional investor that used modern portfolio theory to come up with a low-risk strategy for long term growth and security that any investor could follow. It debunked fads, and showed the wisdom of strategies that are now commonly accepted. He promoted mutual finds over individual stocks, and later, index funds over narrower investments. He demonstrated how investing for value outperformed growth over the long run, and told people why they should shift from equity investment to debt (bonds) as they grew older.
39 years after its first publication, this still remains the only book the average person needs to guide their investment strategy. You won't get rich quick following the advice here, but you'll grow your savings in a safe way, and make sure you can provide for yourself through the future.
Loading your book clubs
There was a problem loading your book clubs. Please try again.
Not in a club?
Learn more
Join or create book clubs
Choose books together
Track your books
Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free.
Flip to back
Flip to front
Follow the Author
Something went wrong. Please try your request again later.
|
Price
|
New from | Used from |
|
Audible Audiobook, Unabridged
"Please retry"
|
$0.00
|
Free with your Audible trial | |
|
MP3 CD, Audiobook, MP3 Audio, Unabridged
"Please retry"
|
$13.43 | $30.94 |
There is a newer edition of this item:
Discover the latest buzz-worthy books, from mysteries and romance to humor and nonfiction. Explore more
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
-
Apple
-
Android
-
Windows Phone
-
Android
To get the free app, enter your mobile phone number.
Customers who viewed this item also viewed
Page 1 of 1 Start overPage 1 of 1
What other items do customers buy after viewing this item?
Page 1 of 1 Start overPage 1 of 1
Customer reviews
Top reviews from the United States
There was a problem filtering reviews right now. Please try again later.
Reviewed in the United States on September 6, 2012
Verified Purchase
Reviewed in the United States on July 3, 2021
Verified Purchase
Reviewed in the United States on October 1, 2018
Verified Purchase
Reviewed in the United States on March 3, 2016
Verified Purchase
Reviewed in the United States on September 28, 2020
Verified Purchase
Not as Described
By Richard Gallant on September 28, 2020
Said it was hardcover. It is not.
By Richard Gallant on September 28, 2020
Images in this review
Reviewed in the United States on October 8, 2014
Verified Purchase
Top reviews from other countries
Amazon Customer
he suggests buy & hold the shares for long time but also gives a lot of examples of companies such as enron which went bust and made heavy losses to there investors in directly suggesting buying & holding is also not a good strategy. this is a very good entertainment book ...
Reviewed in India on May 15, 2018Verified Purchase
Michael R. Drotar
Malkiel produces one of the best investment books !
Reviewed in Canada on November 17, 2016Verified Purchase
Malkiel produces one of the best investment books !
Reviewed in Canada on November 17, 2016
A must read for the equity investor. Written so that a novice investor can understand complex topics.
Reviewed in Canada on November 17, 2016
Images in this review
道端
包括的で実践的な投資指南
Reviewed in Japan on November 19, 2010Verified Purchase
普通の人
普通の人
Reviewed in Japan on March 2, 2016Verified Purchase
