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

  • 12h 13m 43s
  • Burton G. Malkiel
  • Recorded Books, Inc.
  • 2015

In a time of market volatility and economic uncertainty, when high-frequency traders and hedge fund managers seem to tower over the average investor, Burton G. Malkiel's classic and gimmick-free investment guide is now more necessary than ever. Rather than tricks, what you'll find here is a time-tested and thoroughly research-based strategy for your portfolio. Whether you're considering your first 401(k) contribution or contemplating retirement, this fully updated edition of A Random Walk Down Wall Street should be the first book on your wish list.

In A Random Walk Down Wall Street, you'll learn the basic terminology of "The Street" and how to navigate it with the help of a user-friendly, long-range investment strategy that really works. Drawing on his own varied experience as an economist, financial adviser, and successful investor, Malkiel shows why, despite recent advice to the contrary from so-called experts in the wake of the financial crisis, an individual who buys over time and holds a low-cost, internationally diversified index of securities is still likely to exceed the performance of portfolios carefully picked by professionals using sophisticated analytical techniques.

In this new edition, Malkiel has provided valuable new material throughout the book on exchange-traded funds and investment opportunities in emerging markets, and in a brand-new, timely chapter, Malkiel authoritatively assesses the pitfalls and prospects of the latest investing trend, "smart beta". On top of all this, the book's classic life-cycle guide to investing, which tailors strategies to investors of any age, will help you plan confidently for the future. You'll learn how to analyze the potential returns not only for basic stocks and bonds but for the full range of investment opportunities - from money-market accounts and real estate investment trusts to insurance, home ownership, and tangible assets like gold and collectibles.

In this Audiobook

  • Chapter 1 - Firm Foundations and Castles in the Air
  • Chapter 2 - The Madness of Crowds
  • Chapter 3 - Speculative Bubbles from the Sixties into the Nineties
  • Chapter 4 - The Explosive Bubbles of the Early 2000s
  • Chapter 5 - Technical and Fundamental Analysis
  • Chapter 6 - Technical Analysis and the Random-Walk Theory
  • Chapter 7 - How Good is Fundamental Analysis? The Efficient-Market Hypothesis
  • Chapter 8 - A New Walking Shoe: Modern Portfolio Theory
  • Chapter 9 - Reaping Reward by Increasing Risk
  • Chapter 10 - Behavioral Finance
  • Chapter 11 - Is “Smart Beta” Really Smart?
  • Chapter 12 - A Fitness Manual for Random Walkers and Other Investors
  • Chapter 13 - Handicapping the Financial Race: A Primer in Understanding and Projecting Returns from Stocks and Bonds
  • Chapter 14 - A Life-Cycle Guide to Investing
  • Chapter 15 - Three Giant Steps Down Wall Street