User Reviews
A classic and a MUST read.
A must read for those seeking to understand the basic terminology and theory of the financial world.
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"This is a book about a model to test the Random Walk Theory (Myth) which is fatally flawed from the outset. Markets do not behave in coin-toss fashion. And if you believe markets are random, good luck to you. Buying and holding only works in markets that are trending up over a long period of time a Read more...
A must read for those seeking to understand the basic terminology and theory of the financial world.
The book drones on about the same thing over and over, providing different examples to explain why the markets are random. After reading the book years ago I still dont believe markets are random and this book didn't impact my opinion once so ever. Although parts are interesting, it's not worth read Read more...
"Sure, this book presents a fine strategy for investing in the stock market for the long-term. Wait, let's say that again: Sure, this book (along with millions of others) presents a fine (ho-hum) strategy for investing (hoping) in the stock market for the long-term (which hopefully won't involve w Read more...
"If you are a new long-term value investor, then this is the book you should read, he puts down tech analysis, and is all for fundamental. It is definetly a great and interesting read, but if you consider yourself a day trader, stay clear. Risk/Reward secion is particualry interesting, again, especi Read more...
The book is well organized and informative gives great facts about the returns from the different types of stock selection (small vs. large cap). Malkiel is a little close-minded when it comes to investing vs. trading. Says TA is nonsense which is very stupid in my opinion because why are these tra Read more...
Malkiel takes a pot shot at Technical Analysis, dismissing it as hocus pocus. This section got me really irritated. The book is packed with useful stats on returns and risk from small and large-cap stocks over decades gone by. He also makes a good case for passive investing, highlighting the impo Read more...
An important book for anyone without a degree in finance. This book offers a no-nonsense, simplistic way of planning for a comfortable retirement. A semester-long class on financial planning in 385 pages for $18.95. Well worth it!
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