Burton, Nicholas
Burton Malkiel's A Random Walk Down Wall Street (The Macat Library)
- ISBN 13:
- 9781912128822
- author:
- Burton, Nicholas
- format:
- Paperback
- publisher:
- Macat Library
- language:
- English
- Publication Year:
- 2018
- Pages:
- 98
- Dimensions:
- 19.84 x 12.85 x 0.51 centimetres
- Genre:
- Business, Economics, General,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Burton G. Malkiel's A Random Walk Down Wall Street is a seminal work that challenged the conventional wisdom on investing in the stock market. First published in 1973, Malkiel's book remains a crucial contribution to the field of investment strategy, with its provocative questions and data-driven insights continuing to spark debate among investment professionals. Malkiel's central argument is that the majority of actively managed funds fail to outperform the market over the long term. By examining the performance of various investment strategies, including technical and fundamental analysis, Malkiel reveals significant flaws in the claims made by investment experts. His research shows that actively managed funds often experience significant losses in the years following periods of strong performance. This book provides a thought-provoking exploration of the strengths and weaknesses of the argument for believing in the ability of investment experts to consistently outperform the market. With its clear and concise analysis, A Random Walk Down Wall Street remains an essential read for anyone interested in understanding the world of investment and the limitations of traditional investment strategies.
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