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149 reviews for:
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
Burton G. Malkiel
149 reviews for:
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
Burton G. Malkiel
Changed my understanding of financial markets and "professional" money management.
Listened to this as an audiobook and I'm going to buy a hard copy so I can underline parts and refer back to it when necessary. Can be summed up by "diversify your portfolio based on your appetite for risk (how well you want to sleep at night), and put most of your stock market money into low-cost index fund ETFs.
Great introduction to investing.
Great introduction to investing.
informative
medium-paced
informative
slow-paced
[4.5] A great look into and around what makes up the stock market and why simple may be best when it comes to investing.
funny
informative
inspiring
lighthearted
reflective
medium-paced
Good solid feet-on-the-ground stuff about how to save money without getting seduced by the lure of easy money. I'm not totally convinced by everything but it's good advice in an eat-your-greens kind of way. It includes a section on retirement planning which is very american-oriented but still useful in outline for us limeys.
There's also an amusing supplement at the end dealing with derivatives: having spent so much time scoffing at those who allowed the south sea bubble and the tulip craze to develop, he dismisses fears that risky derivative products might cause financial meltdown as "hysteria". This edition was released in January 2008, so with hindsight it's easy to snigger...
There's also an amusing supplement at the end dealing with derivatives: having spent so much time scoffing at those who allowed the south sea bubble and the tulip craze to develop, he dismisses fears that risky derivative products might cause financial meltdown as "hysteria". This edition was released in January 2008, so with hindsight it's easy to snigger...
As someone with very little investing knowledge, this was pretty educational for me, at least in that it introduced a number of concepts and gave me an idea of what questions to start asking.
challenging
informative
slow-paced