A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition)

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W. W. Norton & Company, Jan 2, 2012 - Business & Economics - 489 pages

One of the "few great investment books" (Andrew Tobias) ever written.

A Wall Street Journal Weekend Investor "Best Books for Investors" Pick

Especially in the wake of the financial meltdown, readers will hunger for Burton G. Malkiel’s reassuring, authoritative, gimmick-free, and perennially best-selling guide to investing. With 1.5 million copies sold, A Random Walk Down Wall Street has long been established as the first book to purchase when starting a portfolio. In addition to covering the full range of investment opportunities, the book features new material on the Great Recession and the global credit crisis as well as an increased focus on the long-term potential of emerging markets. With a new supplement that tackles the increasingly complex world of derivatives, along with the book’s classic life-cycle guide to investing, A Random Walk Down Wall Street remains the best investment guide money can buy.
 

Contents

Preface
17
FIRM FOUNDATIONS AND CASTLES IN THE AIR
25
THE MADNESS OF CROWDS
37
3
56
The Nifty Fifty
69
THE EXPLOSIVE BUBBLES OF THE EARLY 2000S
80
Fraud Slithers In and Strangles the Market
94
Bubbles and Economic Activity
105
BEHAVIORAL FINANCE
235
POTSHOTS AT THE EFFICIENTMARKET THEORY AND WHY THEY
267
Part Four
301
A PRIMER
340
A LIFECYCLE GUIDE TO INVESTING
359
THREE GIANT STEPS DOWN WALL STREET
389
Potentially Useful StockPicking
402
The Morningstar MutualFund Information Service
409

TECHNICAL AND FUNDAMENTAL ANALYSIS
111
TECHNICAL ANALYSIS AND THE RANDOMWALK THEORY
138
HOW GOOD IS FUNDAMENTAL ANALYSIS?
163
MODERN PORTFOLIO THEORY
195
REAPING REWARD BY INCREASING RISK
215
Some Last Reflections on Our Walk
415
What Determines Prices in the Futures
454
A Random Walkers Address Book and Reference Guide to Mutual
463
Index
471
Copyright

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About the author (2012)

Burton G. Malkiel is the Chemical Bank Chairman's Professor of Economics Emeritus at Princeton University. He is a former member of the Council of Economic Advisers, dean of the Yale School of Management, and has served on the boards of several major corporations, including Vanguard and Prudential Financial. He is the chief investment officer of Wealthfront.

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