Random Walk Down Wall Street

Today’s stock market is not for the faint hearted. At a time of frightening volatility, the answer is to 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, A Random Walk Down Wall Street now features new material on “tax-loss harvesting”; 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 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.

"... the "random walk hypothesis", popularised in economist Burton Malkiel's book A Random Walk Down Wall Street, is perhaps truer than we thought.", "Do you want to do well in the stock market? Here’s the best advice. Scrape together a few bucks and buy Burton Malkiel’s book. Then take what’s left and put it in an index fund.", "If one of your New Year’s resolutions is to improve your personal finances, here’s a suggestion: Instead of picking up one of the scores of new works flooding into bookstores, reread an old one: A Random Walk Down Wall Street.", "A useful introduction to investing with lots of common-sense advice.", "Not more than half a dozen really good books about investing have been written in the past fifty years. This one may well belong in the classics category."

Burton G. Malkiel is the Chemical Bank Chairman’s Professor of Economics Emeritus at Princeton University. He is a former member of the Council of Economic Advisers and dean of the Yale School of Management. He resides in New Jersey.