A random walk down Wall Street

Firm foundations and castles in the air -- The madness of crowds ---- Stock valuation from the sixties through the nineties ---- The biggest bubble of all : surfing on the internet ---- Technical and fundamental analysis ---- Technical analysis and the random-walk theory ---- How good is fundamental analysis? ---- A new walking shoe : modern portfolio theory ---- Reaping reward by increasing risk ---- Behavioral finance ---- Potshots at the efficient-market theory and why they miss ---- A fitness manual for random walkers ---- Handicapping the financial race : a primer in understanding and projecting returns from stocks and bonds ---- A life-cycle guide to investing ---- Three giant steps down Wall Street.--

The million-copy bestseller, revised and updated with new investment strategies for retirement and the insights of behavioral finance. Updated with a new chapter that draws on behavioral finance, the field that studies the psychology of investment decisions, here is the best-selling, authoritative, and gimmick-free guide to investing. Burton Malkiel evaluates the full range of investment opportunities, from stocks, bonds, and money markets to real estate investment trusts and insurance, home ownership, and tangible assets such as gold and collectibles. This edition includes new strategies for rearranging your portfolio for retirement, along with the book's classic life-cycle guide to investing, which matches the needs of investors in any age bracket. A Random Walk Down Wall Street long ago established itself as a must-read, the first book to purchase before starting a portfolio. So whether you want to brief yourself on the ways of the market before talking to a broker or follow Malkiel's easy steps to managing your own portfolio, this book remains the best investing guide money can buy.