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149 reviews for:
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
Burton G. Malkiel
4.01 AVERAGE
149 reviews for:
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
Burton G. Malkiel
4.01 AVERAGE
funny
informative
medium-paced
funny
informative
inspiring
medium-paced
I skimmed a lot of the history about speculative crazes and information about psychology and finances in the beginning, as I'm already sold on his premise. The last third or so has a lot of good, practical, usable info.
Malkiel's book is kind of like a sandwich with excellent bread and really
What I learned: brokerage costs will drive down your profits so much that buying a managed fund is not worthwhile. Trading frequently also pulls down profits. Buy an unmanaged index fund and hold.
Донякъде DNF, въпреки че е интересна, повечето неща съм ги гледал или слушал вече.
Най-важното бидейки че техническият анализ е лол лмао астрология за мъже.
Впрочем познавам уж умни младежи (аз бидейки белобрад старец вече, не се заблуждавайте от датата ми на раждане) които неиронично ползват астрология за да правят технически анализ върху криптовалути от всичко възможно. Представям си че докосването до подобни книги има същия ефект както чесъна за вампирите.
Най-важното бидейки че техническият анализ е лол лмао астрология за мъже.
Впрочем познавам уж умни младежи (аз бидейки белобрад старец вече, не се заблуждавайте от датата ми на раждане) които неиронично ползват астрология за да правят технически анализ върху криптовалути от всичко възможно. Представям си че докосването до подобни книги има същия ефект както чесъна за вампирите.
A really solid beginner guide to leveraging different investment vehicles (focused primarily on stocks) for the personal investor. Malkiel takes the view that market prices generally reflect all available information in the market, otherwise known as the Efficient-Market Hypothesis. This view leads to the conclusion that, in general, the average investor is better off passively investing in whole-market index funds/exchange-traded funds or by putting money into a roboadvisory such as Wealthfront (where he is the Chief Investment Officer). This book is a classic in the field of personal finance and takes an even-handed, critical approach towards issues in personal finance. One insight that I found particularly useful was that holding stocks in the company that you work for creates a large portfolio risk because if the company struggles it will affect both your income and your investments. This makes me extra critical of the policies of large tech companies like Google and Facebook who pay their employees in stocks instead of cash. Overall, this book does a good job of deconstructing technical and fundamental analysis, as well as pointing out the general dangers of active investing, while arguing for a passive investment strategy. I didn't find many of the conclusions particularly novel (though I think Malkiel pioneered these conclusions), but I found the logic and evidence leading to those conclusions to be cogent and compelling.
informative
slow-paced
This book was wayyy over my head. Of all the investment books I've read so far, this one was the least digestible and the most boring. The first ~300 pages of the book are about investment theories and historical financial bubbles and technical analysis, which attempt to give context, but in my opinion, overwhelm the reader. The points this book was trying to make could be far simplified, especially if the reader doesn't need thorough convincing to not follow the crowds, buy and hold, and understand historical performance does not predict future performance!
The last ~100 pages of the book are actual advice for building an investment portfolio and handling your finances. Even then, it's nothing I didn't already read in other material, and it's not as specific as I've seen in other material, either.
If you really love investing concepts and high-level theories, this book is for you! If you're a beginner investor who just wants to know more about getting started and/or optimizing your finances, this probably isn't the right read. I'd suggest the Boglehead's Guide to Investing, which is a much more palatable read for the average person.
The last ~100 pages of the book are actual advice for building an investment portfolio and handling your finances. Even then, it's nothing I didn't already read in other material, and it's not as specific as I've seen in other material, either.
If you really love investing concepts and high-level theories, this book is for you! If you're a beginner investor who just wants to know more about getting started and/or optimizing your finances, this probably isn't the right read. I'd suggest the Boglehead's Guide to Investing, which is a much more palatable read for the average person.
informative
slow-paced