(Read Book) ⚣ A Random Walk Down Wall Street ⚜ eBook or E-pub free

Many years ago I bought this book about the stock market In retrospect, it is the worst book I ve ever bought because it made me believe in efficient capital markets The author made his point with a lot of arrogance just like finance professors did 15 20 years ago At the time the markets very certainly not as efficient as the author believed There have been several updates to the book, but the condescending voice of the author remains.For the statistically interested, the problem with a lo Many years ago I bought this book about the stock market In retrospect, it is the worst book I ve ever bought because it made me believe in efficient capital markets The author made his point with a lot of arrogance just like finance professors did 15 20 years ago At the time the markets very certainly not as efficient as the author believed There have been several updates to the book, but the condescending voice of the author remains.For the statistically interested, the problem with a lot of old finance and also not so old research was that it was testing the theory that the market was efficient That is poor philosophy of science You should always test the opposite of what your theory stipulates If you can reject the opposite, your theory is as supported as it can be standard Popper The finance profession in their ignorance of philosophy Great theories to learn I can see why this became a classic for investors The Firm Foundation Theory Fundamental Analysis The Castle in the Air Theory Technical Analysis Because I read so often, I sometimes think that once in a while I should read something that might materially benefit me So when my brother gave me this book, I thought why not and dove in.The first thing I noticed is that Malkiel is a surprisingly gifted writer He is capable of telling a good story, he s cultured enough to make interesting refere From talking to friends and reading an internal financial mailing list at work I got the vague impression that this book was somehow too esoteric or controversial to bother with I am very glad that I decided to read this book.It s hard to work in Silicon Valley without being affected by Wall Street When I started working I was interested in technology, not business and finance Business and finance seemed a bit beneath me Actually, technology seemed a bit beneath me too I was kind of a snot From talking to friends and reading an internal financial mailing list at work I got the vague impression that this book was somehow too esoteric or controversial to bother with I am very glad that I decided to read this book.It s hard to work in Silicon Valley without being affected by Wall Street When I started working I was interested in technology, not business and finance Business and finance seemed a bit beneath me Actually, technology seemed a bit beneath me too I was kind of a snot in my twenties But learning technology was directly related to my income, which forced me to pay enough attention to it to become interested Eventually I got to a point where I had to deal with stock options, employee stock purchase programs, lock out periods, Investors are bound to have heard about this classic and it s author, economist Burton Malkiel In this book, he explains that the market is highly efficient, and no one can accurately predict its ups and downs it s a random walk So, the best approach is passive, buy and hold investing using diversified index funds held long term I recommend this book to investors of any level, especially those attracted to active, speculative investing.The book begins with a fairly boring recount of seve Investors are bound to have heard about this classic and it s author, economist Burton Malkiel In this boo We live in an age when most people have to control their own retirement destiny by making decisions about 401 k , 403 b , and IRAs Even people with the most modest incomes are encouraged to confront that reality.Malkiel s approach is excellent for most of us who are not into stock analysis He gets high marks for a couple of things 1 He proposed a market index fund before such a thing even existed 2 He has revised his book eleven times In other words he has some street cred Wall Street We live in an age when most people have to control their own retirement destiny by making decisions about 401 k , 403 b , and IRAs Even people with the most modest incomes are encouraged to confront that reality.Malkiel s approach is excellent for most of us who are not into stock analysis He gets high marks for a couple of things 1 He proposed a market index fund before such a thing even existed 2 He has revised his book eleven times In other words he has some street cred Wall Street cred I read this because Jack Bogle of Vanguard fame recommends it as the best book to read on the subject of investment And the real point of reading it I wanted to see what Malkiel s update had to say about my retirement funds in the current economic environment At times I wondered who Malkiel was directing the book at Some of his advice is remarkably simplistic, the kind of advice only a newbie would need Buy a house Keep cash in an emergency fund But then Malkiel s been writing and rewriting this classic tome on investing for the last thirty five years I gave him 5 stars for being fully engaged in the process of revision Sometimes I wish all authors would write and rewrite just one good book and that actors would star in only one movie But that s like asking investors to put their money in just a few low cost funds and hold it there for decades hey, that s what Malkiel s talking about So it s not the most exciting approach to investin Malkiel s been writing and rewriting this classic tome on investing for the last thirty five years I gave him 5 stars for being fully engaged in the process of revision Sometimes I wish all authors would write and rewrite This is probably the best book ever written on the investment side of personal finances It goes into extensive detail as to why you should strongly consider index funds or ETFs rather than mutual funds, individual stocks, or help from a personal financial adviser All 3 of these last alternatives come with a load in terms of either your time or money or both First, Mutual funds are managed and rarely outperform the market For this lack of performance, you get to give away a percentage each This is probably the best book ever written on the investment side of personal finances It goes into extensive detail as to why you should strongly consider index funds or ETFs rather than mutual funds, individual stocks, or help from a personal financial adviser All 3 of these last alternatives come with a load in terms of either your time or money or both First, Mutual funds are managed and rarely outperform the market For this lack of performance, you get to give away a percentage each year for the management fees Note t (Read Book) Þ A Random Walk Down Wall Street à Using The Dot Com Crash As An Object Lesson In How Not To Manage Your Portfolio, Here Is The Best Selling, Gimmick Free, Irreverent, Vastly Informative Guide To Navigating The Turbulence Of The Market And Managing Investments With ConfidenceA Random Walk Down Wall Street Is Well Established As A Staple Of The Business Shelf, The First Book Any Investor Should Read Before Taking The Plunge And Starting A Portfolio With Its Life Cycle Guide To Investing, It Matches The Needs Of Investors At Any Age Bracket Burton G Malkiel Shows How To Analyze The Potential Returns, Not Only For Stocks And Bonds But Also 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 CollectiblesWhether You Want To Verse Yourself In The Ways Of The Market Before Talking To A Broker Or Follow Malkiel S Easy Steps To Managing Your Own Portfolio, This Book Remains The Best Investing Guide Money Can Buy It is one of the book that gave the most influence in my life.I apply that approach the index funds to the Nikkei Stock Average and the Dow Jones industrial average stock price.I have already read the book several times by overlapping edition.I carry out the index funds.Periodically I buy itPractice is important it probability distribution manner to distribute the investment in each m