A classic work explaining everything you ever wanted to know about investing, A Random Walk Down Wall Street has been touted in so many investing books I’ve read, I thought I definitely should take the time to read it.
There is a lot of great information here, explaining why different strategies of investing don’t work, and why buying and holding a diversified portfolio is ultimately the only strategy one should use.
Unfortunately, there was absolutely nothing new in this book that I haven’t already learned. Malkiel’s book is often used as a textbook in Finance classes and I already have a degree in Finance. I will also note, that his writing is a bit dry – even if you don’t know this information, his method of delivery might put you to sleep.
So, be warned, you might be bored. But there is important and excellent information inside this book.
4 1/2 stars (out of 5)
Published in 2012 (originally published in 1973)