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A Random Walk Down Wall Street
The Time-Tested Strategy for Successful Investing
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.
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What Reviewers Are Saying
"An engagingly written and wonderfully argued tome." -- Money "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." -- Forbes "A useful introduction to investing with lots of common-sense advice." -- The Wall Street Journal "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." -- The New York Times "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." -- The Los Angeles Times "... the "random walk hypothesis", popularised in economist Burton Malkiel's book A Random Walk Down Wall Street, is perhaps truer than we thought." -- The Observer