Try free for 30 days

  • A Random Walk Down Wall Street, 12th Edition

  • The Time Tested Strategy for Successful Investing
  • By: Burton G. Malkiel
  • Narrated by: George Guidall
  • Length: 11 hrs and 42 mins
  • 4.6 out of 5 stars (125 ratings)

1 credit a month to use on any title, yours to keep (you’ll use your first credit on this title).
Stream or download thousands of included titles.
Access to exclusive deals and discounts.
$16.45 a month after 30 day trial. Cancel anytime.
A Random Walk Down Wall Street, 12th Edition cover art

A Random Walk Down Wall Street, 12th Edition

By: Burton G. Malkiel
Narrated by: George Guidall
Try for $0.00

$16.45 per month after 30 days. Cancel anytime.

Buy Now for $31.99

Buy Now for $31.99

Pay using voucher balance (if applicable) then card ending in
By confirming your purchase, you agree to Audible's Conditions Of Use and Privacy Notice and authorise Audible to charge your designated credit card or another available credit card on file.

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 listeners say about A Random Walk Down Wall Street, 12th Edition

Average Customer Ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    92
  • 4 Stars
    22
  • 3 Stars
    10
  • 2 Stars
    1
  • 1 Stars
    0
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    77
  • 4 Stars
    18
  • 3 Stars
    9
  • 2 Stars
    1
  • 1 Stars
    0
Story
  • 4.5 out of 5 stars
  • 5 Stars
    77
  • 4 Stars
    17
  • 3 Stars
    7
  • 2 Stars
    4
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter 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.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

5 people found this helpful

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

A timely read tosay

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.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

3 people found this helpful

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

An insightful classic

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

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

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

Great book

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

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

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

A fun walk down Wall Street

I am baffled how a finance book could be this entertaining and engaging. the narration was great as well.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

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

A superb guide to understanding the world of equity investing

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

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

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

A brilliant must-listen for every new investor

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

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

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

The go to book for any investor

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

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

1 person found this helpful

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

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

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

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • 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.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.