A Macat Analysis of Burton G. Malkiel's A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
- Narrated by: Macat.com
- Length: 1 hr and 55 mins
- Unabridged Audiobook
- Release date: 26-07-16
- Language: English
- Publisher: Macat International Limited.
So what should investors do? Because on average, stock market prices have always risen in the long term, Malkiel recommends buying a broad range of stocks to reflect the market price level as a whole - investing in an index fund, which does just that - and holding on to them. Two main challenges have been leveled against Malkiel's ideas. First, a few famous investors (like Warren Buffet) seem to do better than the market over the long term, against Malkiel's predictions. Second, the 2007-9 financial crisis was caused by securities based on the subprime housing market that were wildly overpriced - which again seems to contradict Malkiel's theory. His answer? The theory was still right in the long term. Prices of those securities did collapse. It just took a few years.
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Customer ReviewsMost Helpful
By Dein on 06-12-16
Downloaded by accident thinking it's "A Random Walk Down Wall Street". Decided to listen anyway. The most pointless book I've ever heard, wouldn't recommend. Great audio quality and voice performance though. These types of books should not be allowed on the market, they're just confusing listeners.
3 of 4 people found this review helpful