A Random Walk Down Wall Street

A Time-Tested Strategy for Successful Investing (Eleventh Edition)

By: Burton G. Malkiel

Narrated by: George Guidall

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.

©2015 W.W. Norton & Company Inc. (P)2015 Recorded Books

Well written book full of advice!

It felt like I had a wise father sitting in my car teaching me the ropes of investing. Lots of advice backed up by academic research and historical facts. It should be one's first book on investing.

Lot of truth

There is no sugar coating
ETFs is the way to invest
Diversify markets and
You should handle your own investments

Intense and implementable.

Intense because it covers a lot of history.
implementable because the lessons are consistent in theme and simple to follow.

Great book for getting some valuable information about stock markets

This book is a great resource to get some basic and practical information to use in the stock market. If you are someone that does not have any info about the market or someone with limited info, this book could guide you how to react to the market fluctuations. The author in different parts of the book emphasize on its basic principle which sometimes become overwhelming. I believe that the flow of the book could be better and more attractive to readers.

Informative

Interesting and practical.

I would recommend this to anyone who is looking for insight into managing their investment portfolio.

Important perspective on investment

Great book for non professional investors who want to invest their capital in a responsible manner that makes perfect sense.

Nuggets of great portfolio management!

Great book, it has been updated to cover through 2014. Good takeaways that I will implement into my own finacial situation.

An investing book to 'buy and hold'

I've read about 20 books on investing and I only remember this one and the Warren Buffet biography because those are the two best. This book is just witty enough to make it enjoyable to listen to but not too witty that it shows off. Narrator is great and it lays down the truth about everything you'll ever need or want to know about stocks. Loved it. Will re-read next time I go broke in stocks again to remind myself how to do it right.

Really fun, especially for an investment book

This has to be the most frequently revised book I have ever read. We first heard of this book on the PBS
television show Wall Street Week back in the 1970’s. In a way, I’m sorry I didn’t read it then. But then
again, I’m just as glad, because usually when I read a book, I consider myself done with it and don’t
come back to it over and over. So I would have missed most of the stories in this edition about the
scams and bubbles and what not during the past 40 years or so.

Most of the book was really fun, and some of it quite funny. It was only at the end with the
concentrated how-to investment advice, which is really good if you have any money to invest, that it
gets into the dry, boring financial stuff.

Best investment book ever

Would you recommend this audiobook to a friend? If so, why?

Yes.This one book is enough to know the basic of investment

What was one of the most memorable moments of Random Walk Down Wall Street?

Hold investmnet for a long time

Have you listened to any of George Guidall’s other performances before? How does this one compare?

No

If you were to make a film of this book, what would the tag line be?

Entrance to Financial World