Description
By Burton G. Malkiel
This million-copy bestseller has been revised and updated with new investment strategies for retirement and the insights of behavioral finance.
According to the efficient market theory, which states that all knowable information about a stock’s value is already reflected in its share price, you can’t predict stock prices at all. Malkiel, a Princeton economist and professional investor, backs it all up with statistics, charts and studies, and gives an entertaining review of the irrational history of market soars and drops.
This edition looks at complications in investing (it seems you can’t beat the market by buying companies with “.com” in the name), and provides a good overview of new investment vehicles.
The essence of his advice: investors should buy and hold a diversified portfolio heavy on index funds that mirror the market.
448 pages. Hardcover. 2011.
0411
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