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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
The start of the book was highly interesting, to learn about all the financial bubbles and market crashes and how they came about. The random walk theory in itself is something I also found quite interesting to learn about. However near the end I found that the author started to repeat himself and the scope of the book also went a bit beyond what I wanted to get out of it. Not a bad thing for those who want to invest by themselves, but I now feel confident that I can do very well taking the more casual approach.
- Very thorough and informative
- Casual academic tone, a bit dry, long
- Practical advice and useful tips
3.5
I read the 50th anniversary edition after hearing the author speak on a podcast and hearing others talk about it being a book which was fundamental to their education. It is dry for sure at points and over my head - I skimmed those sections. I appreciated the chapter that talked about factor investing and risk parity strategies- the pros and cons of both. I also liked the sample portfolio which actually identified the index funds that he would use. The safe withdrawal discussion was a bit brief and conservative. Overall, a good mix of a technical, educational book and a practical guide!
I read the 50th anniversary edition after hearing the author speak on a podcast and hearing others talk about it being a book which was fundamental to their education. It is dry for sure at points and over my head - I skimmed those sections. I appreciated the chapter that talked about factor investing and risk parity strategies- the pros and cons of both. I also liked the sample portfolio which actually identified the index funds that he would use. The safe withdrawal discussion was a bit brief and conservative. Overall, a good mix of a technical, educational book and a practical guide!
medium-paced
Worthy Read
In depth read covering all aspects of investing. I have not read previous editions, but I think it would be interesting to see how his thoughts and opinions have evolved over the years. I was hoping that he would have spent a little more time discussing robo-advisors, but certainly see the conflict of interest with Wealthfront, and also in tooting any horns of direct competitors. Nevertheless, next edition ought to discuss these in further detail.
In depth read covering all aspects of investing. I have not read previous editions, but I think it would be interesting to see how his thoughts and opinions have evolved over the years. I was hoping that he would have spent a little more time discussing robo-advisors, but certainly see the conflict of interest with Wealthfront, and also in tooting any horns of direct competitors. Nevertheless, next edition ought to discuss these in further detail.
my dad made me read this.
and i'm not going to retain any of it.
this is fun and readable and way too much and i hated it. if you need to read a book about stocks and investing, this is, i'm sure, the exact best possible option based on both expertise and overall amusement, but i refuse to believe i needed to read a book of that description.
so here we are.
bottom line: the best of my least favorite world!
3.5
and i'm not going to retain any of it.
this is fun and readable and way too much and i hated it. if you need to read a book about stocks and investing, this is, i'm sure, the exact best possible option based on both expertise and overall amusement, but i refuse to believe i needed to read a book of that description.
so here we are.
bottom line: the best of my least favorite world!
3.5
This book is definitely a self-confirmation bias book. It was recommended to me by someone who who invests very similar to me. This was a good read. Not the most exciting and a bit long, but good. I like the historical context as well as much more detail into why "passive index" investing works the way it does. Paul Merriman's free investment books are a much better way to get started into this genre, but this book was one I am glad to have read.
Inspiring, in the least. Makes me want to invest some money right away. If you are in a hurry, pages 346-7 are the most important in the book (in the 2007 W.W. Norton version), but that's not to say that the rest is useless. Quite the contrary.
Excellent book if you're just getting started into investing. If you've read other investment books, I will Teach You to be Rich or The Intelligent Investor, probably not as valuable, but I still enjoyed it.
Biggest takeaways
- Invest your money in low cost index funds and start as early as you can.
- The best time to start investing is 20 years ago. The second best time is today.
Biggest takeaways
- Invest your money in low cost index funds and start as early as you can.
- The best time to start investing is 20 years ago. The second best time is today.