A Random Walk Down Wall Street

Summary

The book «A Random Walk Down Wall Street» by Burton Malkiel serves as a guide for investors, where the author explains that stock price movements in the market are random and unpredictable. Malkiel argues that attempts to beat the market through technical or fundamental analysis often prove futile. He suggests that investors focus on long-term strategies, such as index investing, which allows for risk minimization and stable returns. The book also offers advice on creating a diversified investment portfolio and managing personal finances.