A Random Walk Down Wall Street is well established as a staple of the business shelf, the first book any investor should read before
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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
English (A Random Walk Down Wall Street) / Italiano
A challenging walk around Wall Street, in different time periods that affected the American economy and consequently the World, in order to provide us the necessary elements to understand the main investment rules applied on the stock exchange. Burton G. Malkiel describes with clear examples the differences between audacious investment strategies, designed to quickly profit, and more prudent strategies that aim to increase profits in longer time
really liked it
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 references, and he has that quintessential skill of all popular writers: the ability to present ideas clearly without dumbing them down. For someone in