Description
Renowned Princeton economist Burton G. Malkiel's seminal work, "A Random Walk Down Wall Street," offers a compelling argument for a simple, yet effective, investment strategy. Malkiel introduces the "random walk" hypothesis, suggesting that stock market prices are largely unpredictable and that consistently outperforming the market is nearly impossible. The book critically examines popular investment techniques like technical and fundamental analysis, as well as the selection of actively managed mutual funds, revealing the statistical unlikelihood of long-term success through these methods. Instead, Malkiel advocates for a passive investment approach, guiding individual investors toward a path of sustained financial growth.
Available Editions
paperback
W. W. Norton & Company
Published Jan 1, 2003
416 pages
ISBN: 9780393325355
paperback
Norton & Company, Incorporated, W. W.
Published Jan 1, 2003
1 pages
ISBN: 9780393057836
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Details
First Published
1973
Language
eng
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