A Random Walk Down Wall Street

A Random Walk Down Wall Street

The Time-tested Strategy for Successful Investing

Book - 2011
Average Rating:
7
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An informative guide to financial investment discusses the current high-tech boom, explains how to maximize gains and minimize losses, and examines a broad spectrum of financial opportunities, from mutual funds to real estate to gold.
Publisher: New York : W.W. Norton & Co., c2011.
ISBN: 9780393081435
Characteristics: 445 pages :,illustrations ;,25 cm.

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bigbosstms
Sep 10, 2017

Seems the author wrote this book as a stunt for either publicity or money. He does admit that he's been on Wall Street as an "investor" for the longest time. At the ending chapter (on page 379) he says "I have nothing spectacular to offer" well then why did you write this book in the first place dude?

One of the worst books I've seen on the topic of investing. AVOID LIKE THE PLAGUE if you want to stay away from a pretender who's just trying to grab money from you.

The book itself is styled to read: "get rich slow, by investing in capital markets!" Do NOT believe a word these Wall Street executives have to say.

You CAN get rich faster, but you have to be in sales for that to happen. I PERSONALLY recommend Grant Cardone and his sales programs - I don't make a single penny from giving you this information, just Google him...thank me later.

One thing I've learned from reading over 25 books on financial markets, FOREX, and other topics is that you can NEVER believe what the Wall Street people have to say. They're in it to make money, their mean nature always shows itself one way or another. If you really want to invest your money, you have to learn exactly what commodities have high exchange values and then invest in them only.

You can always increase your income by selling your own product or someone else's. Learn the sales process so you can make money TODAY! NOT when you're 70 and can't even walk! That's really stupid and derelict way of thinking.

Again, 0/5 for making this a money grabbing scheme .5/5 for writing an entire book in order to try and catch my attention - STAY AWAY! I guarantee personally that you'll be happier you did!

e
Ethan_Annis
Jul 13, 2016

During graduate school I heard this allegory:

A tourist is touring a marina. The guide says, “These are the bankers yachts, those are the brokers schooners, those are the financial consultant’s catamarans and those are the financial analysts’ clippers.” The tourist asks, “Where are the customer’s boats?” The guide looks perplexed and replies, "The customers don’t have boats."

The allegory resonated at many levels. The problem, for myself and many others, was we did not have the expertise to invest our savings without referring to “experts” and the “experts” often put their own interests ahead of their customers'.

Burton Malkiel’s book explains how to invest if you’re not wealthy. The basic premise is that diversifying investments through instruments like Exchange Traded Funds (ETF’s) is the best strategy for most investors. Malkiel also describes how allocations should be distributed depending on the length of time until expected retirement.

Throughout the book, Malkiel makes a compelling case that most “experts” lack any expertise and that the incentives are often in favor of putting the broker’s interests ahead of the customer’s interests. This book provides the theory and understanding an investor needs to stop paying for someone else to do work that may not be in your best interests or to be able to actively participate in the decisions people you hire may be making “on your behalf.”

Aw_19 Mar 12, 2016

Outstanding, timeless advice presented in a very accessible manner. You will be a much wiser investor for having read this book.

m
mccartm
Jul 04, 2015

Timeless advice, well argued. It really needs an update after the 2007 Great Recession though - as investing and Wall Street are different "animals" after the financial collapse, and many were exposed for what they truly are - Still, Malkiel lays great groundwork for avoiding most investing mistakes!

t
Tuanis
Jan 27, 2015

Outstanding long lasting advice on investment. This is a must read book.

d
DougKJohnson
Apr 22, 2014

A no-nonsense, no silver bullet approach to personal investing. A timeless read.

s
StarGladiator
Jul 06, 2013

Yet somehow this author neglects to mention that all markets are rigged: currency markets, interest rate swap rates, LIBOR, etc., etc., etc.?

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