A Random Walk Down Wall Street 4th ed Author:Burton G. Malkiel Crammed with timely new observations, this now-classic volume solidifies its standing as the most reliable guide around for individuals seeking sound ways to manage their money. With wit and clarity Burton Malkiel challenges the belief that stock prices can be predicted, and concludes that no market strategy can consistently outperform that of b... more »uying and holding a wide, randomly selected portfolio for long-term gain. In straightforward terms, he describes the operations of the stock market and the methods used by professional investors. He discusses specific rules and investment opportunities for investors at every level.
In this new edition, Burton Malkiel takes a clear-eyed look at recent additions to the investor's arsenal -- zero coupon bonds, money market deposit account, government security money funds, adjustable-rate mortgages, universal and variable life insurance policies,k and GNMA investment funds.
The analytical sections have been thoroughly revised and updated to account for the considerable body of work completed through the mid-1980s by close observers of investment behavior.« less
This is a great resource book for anyone interested in securities investment and finding out more about the stock market. This book will help novices understand many of the pitfalls and benefits of financial Wall Street wisdom.