Waubonsee Community College

A random walk down Wall Street, including a life-cycle guide to personal investing, Burton G. Malkiel

eng

Includes bibliographical references (pages 489-502) and index

illustrations

index present

non fiction

A random walk down Wall Street

bibliography

32166095

Burton G. Malkiel

including a life-cycle guide to personal investing

In A Random Walk Down Wall Street you will discover how much fun it can be to beat the pros at their own game - and learn a user-friendly long-range investment strategy that really works. Skilled at puncturing financial bubbles and other Wall Street delusions, Malkiel explains why a broad portfolio of stocks selected by chance will perform as well as one carefully chosen by the experts. With characteristic Malkiel clarity, a new chapter in this edition covers the dynamic, seductive, and potentially dangerous markets in futures and options. Taking a shrewd look at derivative-type securities - "pork-bellies in an Ivy League suit"--Malkiel shows how to maximize gains and minimize losses in this new era of high-risk investingIs there really a way of planning long-term investment? Carefully assessing the entire battery of financial instruments, Malkiel lucidly sets forth the factors that determine the returns that can be obtained from stocks and bonds. He outlines strategies that reduce and even eliminate the tax bite from investment earnings. And he enables the reader to project the future yields from an investment strategy suited to the mid-1990s and on into the twenty-first century

Part 1: Stocks and their value -- 1. Firm foundations and castles in the air -- 2. The madness of crowds -- 3. Stock valuation from the sixties into the nineties -- 4. The firm-foundation theory of stock prices -- Part 2: How the pros play the biggest game in town -- 5. Technical and fundamental analysis -- 6. Technical analysis and the random-walk theory -- 7. How good is fundamental analysis? -- 8. A more deliberate walk down Wall Street: is the stock market predictable after all? -- Part 3: The new investment technology -- 9. Modern portfolio and capital-asset pricing theory -- 10. The current state of art: beyond beta -- 11. How pork bellies acquired an ivy league suit: a primer on derivatives -- Appendix to Chapter 11: What determines prices in the futures and options markets? -- Part 4: A practical guide for random walkers and other investors -- 12. A fitness manual for random walkers -- 13. The determinants of stock and bond returns and how you can roughly project the future returns from financial assets -- 14. A life-cycle guide to investing -- 15. Three giant steps down Wall Street -- A random walkers address book and reference guide to mutual funds