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A Random Walk Down Wall Street, 12th Edition

The Time Tested Strategy for Successful Investing

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A Random Walk Down Wall Street, 12th Edition

By: Burton G. Malkiel
Narrated by: George Guidall
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About this listen

The best investment guide money can buy, with more than 1.5 million copies sold, now fully revised and updated.

Today's stock market is not for the faint of heart. At a time of frightening volatility, what is the average investor to do? The answer: Turn to Burton G. Malkiel's advice in his reassuring, authoritative, gimmick-free, and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio or 401(k), A Random Walk Down Wall Street now features new material on "tax-loss harvesting", the crown jewel of tax management; the current bitcoin bubble; and automated investment advisers; as well as a brand-new chapter on factor investing and risk parity.

And as always, Malkiel's core insights - on stocks and bonds, as well as real estate investment trusts, home ownership, and tangible assets like gold and collectibles - along with the book's classic life-cycle guide to investing, will help restore confidence and composure to anyone seeking a calm route through today's financial markets.

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All stars
Most relevant  
Good coverage. Pitfalls in investing explained. 12 revisions. Up to date examples. Good narration. History explained.

Authentic based on decades of wall st experience

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I’ve been a financial advisor for well over a decade and worked with both active and passive managers. This is a fantastic and realistic outlook on investing that everyone should listen too. Parts of the book are only relevant to the USA, but the core message applies to everyone.

Great listen

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This updated 45 year old book could not be more timely in the age of Reddit disruptive day traders following two oft-used terms in this book, "castles in the sky" and looking for buyers more gullible and thus inflating prices also called pump and dump.

A timely read tosay

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This latest addition is every bit as relevant and insightful now as the first edition was when it was first released.

A superb guide to understanding the world of equity investing

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A fantastic listen, and one I’ll be referring back to again constantly.
It has confirmed my learnings that investing is a long-haul game, but in such elegantly simple phrasing I’ve not encountered elsewhere.
This book puts difficult concepts into marvellously concise wording and clearly explains the principles behind the acronyms you’re constantly Googling.
I’ve sunk hours into YouTube investing strategy videos, listened to countless podcasts, followed the word of Buffett..
I’d honestly go so far as to say - before you’ve invested any money in the markets - listen to this.
This has now taken my #1 spot for a financial guidance text.
I’m attempting to convince my friends to read this. Hell I’m even offering to buy it for them. What does that tell you?
This book has essentially given me the tools to rethink both investing as a whole and my strategy within it.
Kudos also to the author for keeping the content updated & relevant.
Congratulations also for being able to so effectively communicate deep financial concepts by text / voice alone. No charts or PDF’s needed to follow along here.
LISTEN TO THIS BOOK
FUTURE YOU WILL THANK YOU

A brilliant must-listen for every new investor

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This book details some of the best information anyone interested in investment can access, highly recommended.

The go to book for any investor

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The narration is not that great though, it has the effect of putting one to sleep. But the contents (especially in the later parts of the book) do make up for this

First half of the book quite dull, but second half contains useful gems

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The author substantiates his arguments by drawing from examples throughout the history.
The 'average' results from index funds sound rather appealing, given that they beat the returns of actively ma managed funds.

Well written, and very informative

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A reliable and well written guide to dependable, safe investing. Particularly in index funds over time.

An insightful classic

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Everything you ever needed to know about stocks, the stock market indexing and even more

Great book

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