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"A Random Walk Down Wall Street" is THE book I recommend for accessible framework on the different strategies people approach the stock market and investing. h
by eorge_g 10y ago
"A Random Walk Down Wall Street" is THE book I recommend for accessible framework on the different strategies people approach the stock market and investing.
http://www.amazon.com/gp/product/0393352242 http://www.amazon.com/gp/product/0393352242
Edit: WSJ Review: “Talk to 10 money experts and you’re likely to hear 10 recommendations for Burton Malkiel’s classic investing book.”
- swah 10y agoA good book to stop trading!
- jmcgough 10y agoSeconding this. If I could have all of my friends read a book after graduating college, it'd be this one.
- companyhen 10y agoI'm on page 200 of this book. Didn't know much about investing beforehand, good read so far in my opinion.
- yonibot 10y agoThis was my intro as well, and I've already recommended it to a number of people. Malkiel believes in investing over gambling/speculating. That means trying to obtain market returns rather than trying to beat it, using very-low-cost funds like those offered by Vanguard. A great place to read more about this philosophy, when you finish Random Walk, is the Boglehead's forum.
- gmu3 10y agoI'd recommend this as well. It's obviously an old classic but I read it a few years ago and was pleasantly surprised how updated the author has kept it.
- dforrestwilson 10y agoKhan Academy is a great resource for this. Salman worked in finance. And it really does depend on how deep down the rabbit hole you want to go. I do equity research now... feel free to contact me.
- n13 10y agoThere's no contact information on your profile!
- csabapalfi 10y agohttps://twitter.com/dforrestwilson https://twitter.com/dforrestwilson https://www.linkedin.com/in/dforrestwilson https://www.linkedin.com/in/dforrestwilson
- yannickt 10y agoRandom Walk is great. My favourite books on personal investing are: - "The Four Pillars of Investing" by William Bernstein - "A Random Walk Down Wall Street" by Burton Malkiel - "All About Asset Allocation" by Rick Ferri If I had to recommend _one_, it would be Four Pillars. The first part is a bit more intellectually "challenging" than Random Walk, but ultimately does a better job (IMO) at backing up the author's ideas on personal investing with data. Random Walk covers all the major bubbles in history, and does an excellent job at breaking down asset allocation per age range in the later sections of the book. All About Asset Allocation was very useful to me in developing a long term investment plan, and deciding what asset classes to include in my portfolio. I refer to each book at least once a year.