Get Your Free Audiobook

A Random Walk Down Wall Street, 12th Edition

The Time Tested Strategy for Successful Investing
Narrated by: George Guidall
Length: 11 hrs and 42 mins
4.5 out of 5 stars (25 ratings)

Non-member price: $34.82

After 30 days, Audible is $16.45/mo. Cancel anytime.

Publisher's Summary

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.

©2019 W.W. Norton & Company Inc. (P)2019 Recorded Books

What members say

Average Customer Ratings

Overall

  • 4.5 out of 5 stars
  • 5 Stars
    19
  • 4 Stars
    2
  • 3 Stars
    4
  • 2 Stars
    0
  • 1 Stars
    0

Performance

  • 4.5 out of 5 stars
  • 5 Stars
    18
  • 4 Stars
    2
  • 3 Stars
    2
  • 2 Stars
    0
  • 1 Stars
    0

Story

  • 4.5 out of 5 stars
  • 5 Stars
    19
  • 4 Stars
    0
  • 3 Stars
    2
  • 2 Stars
    1
  • 1 Stars
    0
Sort by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Great listen

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.

1 of 1 people found this review helpful

  • Overall
    3 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    3 out of 5 stars

Good beginner book

Those new to shares and investing will likely very a lot out of this book. Those who have read widely on these topics may not find new information here.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Tamaine
  • Auckland, North Island
  • 01-05-2019

Great book

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

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Well written, and very informative

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.

Sort by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Cassidy
  • Cassidy
  • 15-03-2019

a wonderful update to a classic

the author mentions so many interesting ideas and even though the book is a bit repetitive, the style and jokes make it very readable.

4 of 4 people found this review helpful

  • Overall
    3 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    3 out of 5 stars
Profile Image for P. Kastenholz
  • P. Kastenholz
  • 27-06-2019

Why no pdf of charts???

I'm disappointed that the charts are not available in pdf like many of the other finance books I have listened too.

3 of 3 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Will
  • Will
  • 22-05-2019

Essential for beginning investors

This book is essential for anyone interested in starting to invest. Would make an excellent gift for any new college grad.

2 of 2 people found this review helpful

  • Overall
    4 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    4 out of 5 stars
Profile Image for volan
  • volan
  • 15-08-2019

Excellent investment advice, poor narration

Like the title says, I believe that the advice provided in the book is excellent and practical. The author provides premise, data, and conclusions for his theories based on decades of work.

Unfortunately the narrator did not do the book justice, he has a very steccato style. That takes away from the listening experience.

1 of 1 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 30-04-2019

Great book, but reader is mumbling

Great book. Unfortunately the reader is mumbling and has a very unclear pronounciation. Still highly recommended for Any investor.

1 of 1 people found this review helpful

  • Overall
    3 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    2 out of 5 stars
Profile Image for Afueramor
  • Afueramor
  • 07-04-2019

Boring to listen to

I really did not care for this guy and his voice, he had a smugness to him in a weird style of speaking that I just found a really annoying. I think this actual book has lots of tables and data which again makes listening to not enjoyable.

3 of 5 people found this review helpful

  • Overall
    1 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    1 out of 5 stars
Profile Image for skatensteel
  • skatensteel
  • 15-10-2019

Horrible book for Audiobook.

For a person that is trying to learn about the market, this book is extremely difficult to understand by only hearing at it. You need to accompany it with the written version. It has sections when it literally gives you actual math to think about. Extremely misleading, you learn very little like that. Mostly if investing in the market is something you have not done on your own beyond a simple 401K. Extremely disappointed.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for M ABOU-BEIH
  • M ABOU-BEIH
  • 31-08-2019

A joy to read

Very incormative book and a great joy to listen to. The author did a great job substantiating his point of view with historical encounters and facts from the stock market. I really enjoyed the book.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Allyson & Alfredo Gonzalez
  • Allyson & Alfredo Gonzalez
  • 15-08-2019

Informative

So much information. This book helps build a great foundation and ease some nervous about jumping into the market. Great book.

  • Overall
    1 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    1 out of 5 stars
Profile Image for Bennet Saumer
  • Bennet Saumer
  • 14-08-2019

Terrible

It is impossible to understand a single word, terrible voice, even worse when trying to adjust the speed. Terrible product!

1 of 2 people found this review helpful

Sort by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for A. Burhan
  • A. Burhan
  • 07-08-2019

Thee case for Index tracking

This books content and narration was straightforward to understand and paves the way to get you started on your investment journey. Follow the market, don't try to beat it. I also enjoyed the history of past bubbles and bursts. those who don't learn from the past are destined to repeat it.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Some Guy
  • Some Guy
  • 20-07-2019

Great introduction for the newbie

A very in depth, but still accessible guide for those new to investing. Makes his point strongly, but always backs this up with research and offers advice on how to reduce risk, if you don't want to follow the main advice on offer.