A Random Walk Down Wall Street

More about the book

With the prevailing wisdom shifting almost daily, Burton G. Malkiel's informative volume remains an essential investment guide. In an era marked by increasing inequality, where high-frequency traders and hedge-fund managers dominate, Malkiel's classic, straightforward approach is more crucial than ever. Instead of gimmicks, this guide offers a research-based strategy for your portfolio. Whether you're making your first 401k contribution or planning for retirement, this updated edition should top your reading list. You'll learn the essential terminology of "the Street" and how to navigate it with a user-friendly, long-term investment strategy that works. Drawing from his experience as an economist and financial adviser, Malkiel demonstrates that consistently investing in a low-cost, diversified index of securities often outperforms portfolios selected by professionals using complex techniques. This edition includes a new section on the cryptocurrency bubble, valuable insights on "tax-loss harvesting," and a critical analysis of popular investment strategies like factor investing and risk parity. Additionally, the book features a classic lifecycle guide to investing, tailored for all ages, helping you plan confidently for the future. You'll gain insights into potential returns across various investment opportunities, from stocks and bonds to real estate and collectibles, equipping individual investors of all experience levels wi