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A Random Walk Down Wall Street, 12th Edition: The Time Tested Strategy for Successful Investing

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At a glance

Condition
New
Listening Length
11 hours and 42 minutes
Author
Burton G. Malkiel
Narrator
George Guidall
Publication date
January 17, 2019
Language
English
Publisher
Recorded Books

Description

The best investment guide money can buy, with more than 1.5 million copies sold, now fully revised and updated. Today's stock market is not for the faint of heart. At a time of frightening volatility, what is the average investor to do? The answer: Turn to Burton G. Malkiel's advice in his reassuring, authoritative, gimmick-free, and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio or 401(k), A Random Walk Down Wall Street now features new material on "tax-loss harvesting", the crown jewel of tax management; the current bitcoin bubble; and automated investment advisers; as well as a brand-new chapter on factor investing and risk parity. And as always, Malkiel's core insights - on stocks and bonds, as well as real estate investment trusts, home ownership, and tangible assets like gold and collectibles - along with the book's classic life-cycle guide to investing, will help restore confidence and composure to anyone seeking a calm route through today's financial markets. Read more

Specs 8

Listening Length 11 hours and 42 minutes
Author Burton G. Malkiel
Narrator George Guidall
Publication date January 17, 2019
Language English
Publisher Recorded Books
Version Unabridged
Program Type Audiobook

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If you place your order now, the estimated arrival date for this product is: Nov 5 – Nov 7

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Top Amazon Reviews


Simple, sane, time-tested advice
Format: Paperback
There are any number of authors and hucksters who will sell you a system that will guarantee you can beat the market. Curiously, though, few of them stick round for very long. Remember the big day trading frenzy of the 1990s? A lot of people blew all their savings on that one. I knew a lawyer who quit his job and managed to lose his savings, his house, and a good chunk of his in-laws' money with that guaranteed money maker. You can buy books that will tell you how to trade commodities, how to play the options market, why you should buy/sell gold... these methods and their hawkers come and go. And yet, "A Random Walk" is still in print almost 40 years after it was first published. Malkiel's advice seems almost old fashioned now, but when he first published this book, it was revolutionary. It was the first book for the non-professional investor that used modern portfolio theory to come up with a low-risk strategy for long term growth and security that any investor could follow. It debunked fads, and showed the wisdom of strategies that are now commonly accepted. He promoted mutual finds over individual stocks, and later, index funds over narrower investments. He demonstrated how investing for value outperformed growth over the long run, and told people why they should shift from equity investment to debt (bonds) as they grew older. 39 years after its first publication, this still remains the only book the average person needs to guide their investment strategy. You won't get rich quick following the advice here, but you'll grow your savings in a safe way, and make sure you can provide for yourself through the future. ... show more
Reviewed in the United States on September 6, 2012 by Michael J

The only guide you need to understanding basic investing.
Format: Paperback
This book is an excellent first book for the new investor. It basically illustrates why indexing, reinvesting dividends and passive investing will beat 98% of amateur and pro traders. This should be everyone's first book. While "Reminiscences of a Stock Operator" is the most often recommended, I think reading Reminiscences first can ruin you with the hope of making millions all on your own, while missing out on the steady growth of a simple passive approach. ... show more
Reviewed in the United States on October 15, 2024 by BrooklynRider

Required reading
Format: Paperback
Anyone who has any vested interest in the market should read this book. No trendy notions, no get rich quick ideas. Just a well written primer on investing. Complex theoretical and technical ideas are condensed to easily understood ideas w/o dilution of the message. The author uses real life historical events to illustrate the message being conveyed. While written nearly 40 yrs ago, the material is as relevant as ever. In fact, maybe even more relevant due to all of the static that is promulgated as investment "advice", that only serves to promote the "experts" own financial accumulation. The only agenda that Dr Malkiel has is the conveyance of solid investment knowledge. ... show more
Reviewed in the United States on August 10, 2009 by Jonathon Agee

Good book if you have some background.
Format: Audiobook
I was recommended this book as a introduction to investing. While it was a very helpful book, the author does assume that you have some knowledge in stocks and investing, so if you are a true newbie to everything at least half of the book will flow right over your head. I would recommend you watch some YouTube videos to get a general idea before picking up this book. As for the Amazon piece, there was no damage to the book and everything was on time. ... show more
Reviewed in the United States on July 3, 2021 by Gili

Common sense investing
Format: MP3 CD
The book is excellent for first time and experienced investors. The book explains investing sociology and psychology and how to make common sense investments. I am a Burton G. Malkiel fan.
Reviewed in the United States on October 1, 2018 by Floyd Atkinson

One Star
I listened to the whole set and it didn't help me with my investing.
Reviewed in the United States on March 26, 2017 by Oakfordite

This should be in every investors library
A great classic. I enjoyed listening to it. I didn't enjoy reading it and put it down several times never to get through the first part of the book. I'm glad I gave this a try. It's well worth it!
Reviewed in the United States on March 19, 2013 by D687

Not as Described
Said it was hardcover. It is not.
Reviewed in the United States on September 29, 2020 by Richard Gallant
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