Summary of Burton G. Malkiel's A Random Walk Down Wall Street

Please note: This is a companion version & not the original book.

Sample Book Insights:

#1 This book is a guide for the individual investor. It covers everything from insurance to income taxes. It will teach you how to buy life insurance and avoid getting ripped off by banks and brokers. It will also tell you what to do about gold and diamonds.

#2 The stock market is a random walk, meaning that future steps or directions cannot be predicted based on past history. When the term is applied to the stock market, it means that short-run changes in stock prices are unpredictable.

#3 I have been a lifelong investor and have participated in the market. I have a lot of facts and figures to share. Don’t let that scare you. This book is written for the financial layperson and offers practical, tested investment advice.

#4 Investing is the process of purchasing assets to gain profit in the form of reasonably predictable income and/or appreciation over the long term. It is the definition of the time period for the investment return and the predictability of the returns that distinguishes an investment from a speculation.