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A Random Walk Down Wall Street, 12th Edition

The Time Tested Strategy for Successful Investing
Written by: Burton G. Malkiel
Narrated by: George Guidall
Length: 11 hrs and 42 mins
5 out of 5 stars (12 ratings)

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Publisher's Summary

The best investment guide money can buy, with more than 1.5 million copies sold, now fully revised and updated.

Today's stock market is not for the faint of heart. At a time of frightening volatility, what is the average investor to do? The answer: Turn to Burton G. Malkiel's advice in his reassuring, authoritative, gimmick-free, and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio or 401(k), A Random Walk Down Wall Street now features new material on "tax-loss harvesting", the crown jewel of tax management; the current bitcoin bubble; and automated investment advisers; as well as a brand-new chapter on factor investing and risk parity. 

And as always, Malkiel's core insights - on stocks and bonds, as well as real estate investment trusts, home ownership, and tangible assets like gold and collectibles - along with the book's classic life-cycle guide to investing, will help restore confidence and composure to anyone seeking a calm route through today's financial markets.

©2019 W.W. Norton & Company Inc. (P)2019 Recorded Books

What members say

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  • Cassidy
  • 2019-03-15

a wonderful update to a classic

the author mentions so many interesting ideas and even though the book is a bit repetitive, the style and jokes make it very readable.

4 of 4 people found this review helpful

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  • Will
  • 2019-05-22

Essential for beginning investors

This book is essential for anyone interested in starting to invest. Would make an excellent gift for any new college grad.

1 of 1 people found this review helpful

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  • Afueramor
  • 2019-04-07

Boring to listen to

I really did not care for this guy and his voice, he had a smugness to him in a weird style of speaking that I just found a really annoying. I think this actual book has lots of tables and data which again makes listening to not enjoyable.

2 of 3 people found this review helpful

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  • Russell Sawatsky
  • 2019-06-29

Latest edition of a must-read (listen) classic

I’ve hear about this book for years but finally got around to it now. If you are new or newer to investing AND you are a US resident, I recommend this without reservation. If you are, like I am, a Canadian, or a resident of another country, I still recommend it very highly but you will need to supplement it by reading about account types (tax-deferred or tax-free accounts for education, retirement, etc.) that are specific to your country. Malkiel’s advice ranges from broad observations about the nature of the markets all the way to a recommendation of particular index mutual funds and ETFs to build a portfolio.
Finally, I think the reader chosen for this book was perfect. He sounds somewhat elderly in keeping with Malkiel’s venerable status, but even better, he made nary a mistake in pronunciation throughout his reading. His voice added to sense that one was hearing the distilled wisdom of decades of research and direct involvement in the investment industry.

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  • P. Kastenholz
  • 2019-06-27

Why no pdf of charts???

I'm disappointed that the charts are not available in pdf like many of the other finance books I have listened too.

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  • Anonymous User
  • 2019-04-30

Great book, but reader is mumbling

Great book. Unfortunately the reader is mumbling and has a very unclear pronounciation. Still highly recommended for Any investor.

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  • Anonymous User
  • 2019-04-08

Not Well Presented

The Narrator did not do a good job.
The writer provides little evidence to his conclusion.

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  • James
  • 2019-04-04

a<br />A book I will recommend to my family

The information in this book is gold. I will be recommending it to my family.

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  • Nia
  • 2019-04-02

Extremely useful and well explained

This was a great way for me to get introduced to investing. The examples really did help with my understanding

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  • RGB
  • 2019-03-01

Timeless book with a great performance.

Investing is simple and easy, we as people screw it up. If you listen to or read this book and head its advice you will have a much happier investment career and retirement than if you do not.

1 of 2 people found this review helpful