54 pages • 1 hour read
A Random Walk Down Wall Street
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Book Brief
A Random Walk Down Wall Street
Nonfiction | Reference/Text Book | Adult | Published in 1973432
Reference/Text Book • Nonfiction
New York • 1970s
1973
Adult
18+ years
Super Short Summary
A Random Walk Down Wall Street by Burton G. Malkiel, published in 1973 and in its 13th edition, is an investment guide that spans the history of market crises and introduces theories like firm-foundation and castle-in-the-air. It discusses risk management, modern portfolio theory, and the importance of index funds for reliable, long-term returns, providing strategies for investors at any life stage.
Informative
Challenging
Inspirational
Contemplative
Reviews & Readership
41,159 ratings
Loved it
Mixed feelings
Not a fan
Review Roundup
Burton G. Malkiel's A Random Walk Down Wall Street is praised for its accessible explanation of complex financial concepts and its advocacy for index investing. Critics appreciate its empirical approach and timeless advice, though some argue it lacks depth in advanced strategies. Overall, it's a valuable resource for both novice and experienced investors.
Who Should Read A Random Walk Down Wall Street?
Ideal for novice to intermediate investors or finance enthusiasts, A Random Walk Down Wall Street will appeal to fans of The Intelligent Investor by Benjamin Graham and Common Stocks and Uncommon Profits by Philip Fisher. It’s perfect for those seeking a blend of financial theory, practical advice, and support for index investing.
41,159 ratings
Loved it
Mixed feelings
Not a fan
John Bogle
John Bogle
The founder of the Vanguard Group, he is known for pioneering the concept of index mutual funds and shares Malkiel’s views on passive investing strategies as opposed to active management.
The SEC (U.S. Securities and Exchange Commission)
The SEC (U.S. Securities and Exchange Commission)
This regulatory body oversees securities trading in the U.S. and is discussed concerning its regulatory role and limitations in the finance industry.
Warren Buffett
Warren Buffett
An accomplished investor and CEO of Berkshire Hathaway, he is referenced in connection with value investing and highlighted for his testimonial on the benefits of index fund investing later in his career.
432
Reference/Text Book • Nonfiction
New York • 1970s
1973
Adult
18+ years
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