Dewey Edition23
ReviewsA Random Walk has set thousands of investors on a straight path.... A lucid mix of the theoretical and the pragmatic., Do you want to do well in the stock market? Here's the bestadvice. Scrape together a few bucks and buy Burton Malkiel'sbook. Then take what's left and put it in an index fund., Talk to 10 money experts and you're likely to hear 10 recommendations for Burton Malkiel's classic investing book., Not more than half a dozen really good books about investing have been written in the past fifty years. This one may well belong in the classics category., Imagine getting a week-long lesson on investing from someone with the common sense of Benjamin Franklin, the academic and institutional knowledge of Milton Friedman and the practical experience of Warren Buffett. That's about what awaits you in the latest edition of this must-read by Burton Malkiel., Not more than half a dozen really good books about investinghave been written in the past fifty years. This one maywell belong in the classics category.
SynopsisToday's stock market is not for the faint-hearted. At a time when high-frequency traders and hedge funds seem to have the upper hand, one might ask what the average investor is to do. Turn to the rock-solid advice in Burton G. Malkiel's best-selling guide to investing. A Random Walk Down Wall Street now features new material on exchange traded funds and investment opportunities in emerging markets as well as a brand-new chapter on "smart beta" funds. And as always, Malkiel's core insights--on stocks, bonds and money markets as well as property investment trusts and tangible assets--along with the book's life-cycle guide to investing, will restore confidence and composure to anyone seeking a calm route through today's financial markets., The best investment guide money can buy, with over1.5 million copies sold, now fully revised and updated., In a time of market volatility and economic uncertainty, when high-frequency traders and hedge fund managers seem to tower over the average investor, Burton G. Malkiel's classic and gimmick-free investment guide is now more necessary than ever. Rather than tricks, what you'll find here is a time-tested and thoroughly research-based strategy for your portfolio. Whether you're considering your first 401(k) contribution or contemplating retirement, this fully updated edition of A Random Walk Down Wall Street should be the first book on your reading list. In A Random Walk Down Wall Street you'll learn the basic terminology of "The Street" and how to navigate it with the help of a user-friendly, long-range investment strategy that really works. Drawing on his own varied experience as an economist, financial adviser, and successful investor, Malkiel shows why, despite recent advice to the contrary from so-called experts in the wake of the financial crisis, an individual who buys over time and holds a low-cost, internationally diversified index of securities is still likely to exceed the performance of portfolios carefully picked by professionals using sophisticated analytical techniques. In this new edition, Malkiel has provided valuable new material throughout the book on exchange-traded funds and investment opportunities in emerging markets, and in a brand-new, timely chapter, Malkiel authoritatively assesses the pitfalls and prospects of the latest investing trend, "smart beta." On top of all this, the book's classic life-cycle guide to investing, which tailors strategies to investors of any age, will help you plan confidently for the future. You'll learn how to analyze the potential returns, not only for basic stocks and bonds but for the full range of investment opportunities from money-market accounts and real estate investment trusts to insurance, home ownership, and tangible assets like gold and collectibles. Individual investors of every level of experience and risk tolerance will find throughout the book the critical facts and step-by-step guidance they need to protect and grow their hard-earned dollars. With the prevailing wisdom changing on an almost daily basis, Malkiel's reassuring and vastly informative volume remains the best investment guide money can buy.", In today's daunting investment landscape, the need for Burton G. Malkiel's reassuring, authoritative, and perennially best-selling guide to investing is stronger than ever. A Random Walk Down Wall Street has long been established as the first book to purchase when starting a portfolio. This new edition features fresh material on exchange-traded funds and investment opportunities in emerging markets; a brand-new chapter on "smart beta" funds, the newest marketing gimmick of the investment management industry; and a new supplement that tackles the increasingly complex world of derivatives.
LC Classification NumberHG4521.M284 2016