A Random Walk Down Wall Street

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 investing.