In "A Random Walk Down Wall Street," Burton Malkiel challenges the myth of market predictability and unveils the chaos underlying financial markets. Through engaging anecdotes and sharp insights, he demystifies complex investment strategies while advocating for the simplicity of index funds. Readers are taken on a journey through the history of financial theory and practical investing advice, revealing how randomness shapes market movements. Malkiel's compelling arguments will make you question conventional wisdom and reconsider your approach to investing. Are you ready to explore the unpredictable world of finance and learn how to navigate it wisely?
By Burton G. Malkiel
Published: 2007
"Markets can be irrational longer than you can remain solvent."
Updated with a new chapter that draws on behavioral finance, the field that studies the psychology of investment decisions, the bestselling guide to investing evaluates the full range of financial opportunities.
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“Markets can be irrational longer than you can remain solvent.”
A Random Walk Down Wall Street
By Burton G. Malkiel
Discover a world of knowledge through our extensive collection of book summaries.
Burton G. Malkiel is a renowned economist and author best known for his influential book, "A Random Walk Down Wall Street," which advocates for the efficient market hypothesis and encourages investors to adopt low-cost index fund strategies. He served as a professor of economics at Princeton University for several decades and has played a significant role in shaping modern investment philosophy. Malkiel's expertise spans various subjects, including finance, economics, and investment theory, making him a prominent figure in the field. Beyond academia, he has held significant positions, including serving as a director of Vanguard and a member of the Advisory Committee on Economic Policy under President Reagan. With his profound insights and accessible writing style, Malkiel continues to educate and inspire both novice and seasoned investors alike.
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