A Random Walk Down Wall Street: The Time-Tested Strategy for Successful InvestingThe million-copy bestseller, revised and updated with new investment strategies for retirement and the insights of behavioral finance. Updated with a new chapter that draws on behavioral finance, the field that studies the psychology of investment decisions, here is the best-selling, authoritative, and gimmick-free guide to investing. Burton Malkiel evaluates the full range of investment opportunities, from stocks, bonds, and money markets to real estate investment trusts and insurance, home ownership, and tangible assets such as gold and collectibles. This edition includes new strategies for rearranging your portfolio for retirement, along with the book’s classic life-cycle guide to investing, which matches the needs of investors in any age bracket. A Random Walk Down Wall Street long ago established itself as a must-read, the first book to purchase before starting a portfolio. So whether you want to brief yourself on the ways of the market before talking to a broker or follow Malkiel’s easy steps to managing your own portfolio, this book remains the best investing guide money can buy. |
Contents
02_Random2007Ch14_PBK | 22 |
03_Random2007Ch57_PBK | 97 |
04_Random2007Ch811_PBK | 177 |
05_Random2007Ch1215_PBK | 275 |
06_Random2007BMindex_PBK | 387 |
Common terms and phrases
academic annual annuity arbitrage assets average behavior behavioral finance believe beta broker brokerage bubble buyer call option cash chapter chart chartist closed-end funds common stocks companies costs decline discounts diversified dividend yields early efficient-market theory Enron equity example expected expenses firms forecasts fundamental analysis future futures contract growth rate growth stocks hedge higher income increase index funds individual investors individual stocks inflation initial interest rates Internet long-run long-term losses market prices ment money-market funds Moreover mutual funds outperform percent performance period predict premium price-earnings multiples produce professional profits purchase put option random walk rate of return ratios real estate retirement rise risky savings security analysts sell shares sold speculative stock market stock prices strategy Suppose systematic risk tend tion trading U.S. stocks valuation Vanguard Vanguard Group volatility Wall Street Yes Yes Yes