Imatge de l'autor

Burton G. Malkiel

Autor/a de A Random Walk Down Wall Street

13+ obres 3,143 Membres 29 Ressenyes 2 preferits

Sobre l'autor

Burton Gordon Malkiel is an economics professor at Princeton University. He has written A Random Walk Down Wall Street: Including a Life-Cycle Guide to Personal Investing and assisted in the development of the book, Earn More (Sleep Better): The Index Fund Solution, written by Richard E. Evans. mostra'n més (Bowker Author Biography) mostra'n menys
Crèdit de la imatge: Prof. Burton Gordon Malkiel. Photo by J.D. Levine/Yale (photo courtesy of Princeton University)

Obres de Burton G. Malkiel

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Naked Economics: Undressing the Dismal Science (2002) — Pròleg, algunes edicions1,576 exemplars

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A sanity check on what investing is really about and where it differs from magic. Particularly fun and refreshing in its debunk of almost any known expert approach, and yet realistic about their relative value.

A must read for anyone before they invest...
 
Marcat
yates9 | Hi ha 22 ressenyes més | Feb 28, 2024 |
Pretty easy read and handy for beginner investors
 
Marcat
martialalex92 | Hi ha 1 ressenya més | Dec 10, 2022 |
This is a text used in a class i am teaching. It is interesting, full of advice that sometimes conflicts. Good over view of the market and current Valuation theories.
 
Marcat
rlxdoc | Hi ha 22 ressenyes més | Oct 30, 2022 |
I happened to read this at the perfect timing when there are so much volatility and fireworks in the stock market.

It blends history, market theories/approaches, and biases when investing and offers actionable advice.

If I would have to choose one quote to summarize the book, it definitely would be this one:
A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.


Thus the random walk:

Random walk theory assumes the past movement or trend of a stock price or market cannot be used to predict its future movement. In short, random walk theory proclaims that stocks take a random and unpredictable path that makes all methods of predicting stock prices futile in the long run.


With this in mind, the author makes fun of fundamental/technical analysis. He advises to build a portfolio based on a person's age and risk tolerance and constantly rebalance it. The longer the time period over which you can hold on to your investments, the greater should be the share of common stocks in your portfolio. Invest in low-cost, tax-efficient, broad-based index funds if you do not want to get beaten by a blindfolded monkey.
… (més)
 
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Giedriusz | Hi ha 22 ressenyes més | Oct 16, 2022 |

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Obres
13
També de
1
Membres
3,143
Popularitat
#8,122
Valoració
4.0
Ressenyes
29
ISBN
105
Llengües
12
Preferit
2

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