54 pages • 1 hour read
Burton G. MalkielA Random Walk Down Wall Street
Nonfiction | Reference/Text Book | Adult | Published in 1973A modern alternative to SparkNotes and CliffsNotes, SuperSummary offers high-quality Study Guides with detailed chapter summaries and analysis of major themes, characters, and more.
Before You Read
Super Short Summary
A Random Walk Down Wall Street by Burton G. Malkiel, published in 1973 and in its 13th edition, is an investment guide that spans the history of market crises and introduces theories like firm-foundation and castle-in-the-air. It discusses risk management, modern portfolio theory, and the importance of index funds for reliable, long-term returns, providing strategies for investors at any life stage.
Reviews & Readership
Review Roundup
Burton G. Malkiel's A Random Walk Down Wall Street is praised for its accessible explanation of complex financial concepts and its advocacy for index investing. Critics appreciate its empirical approach and timeless advice, though some argue it lacks depth in advanced strategies. Overall, it's a valuable resource for both novice and experienced investors.
Who Should Read A Random Walk Down Wall Street?
Ideal for novice to intermediate investors or finance enthusiasts, A Random Walk Down Wall Street will appeal to fans of The Intelligent Investor by Benjamin Graham and Common Stocks and Uncommon Profits by Philip Fisher. It’s perfect for those seeking a blend of financial theory, practical advice, and support for index investing.