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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
4.6 out of 5 stars (50 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 listeners say about A Random Walk Down Wall Street, 12th Edition

Average Customer Ratings
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Not worth the money

Concepts are not well explained, and you don't really learn how to trade. This whole book could be summarized in "save money, buy common stocks and/or bonds hold them instead of trading regularly". That is great advice, but you don't need to listen to 11 hours of this book to figure that out. I wouldn't recommend this book. I'm glad I listened to the audio book though, because I'd have wasted more time if I read a hardcopy.

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  • Jon
  • 2020-04-11

Just Alright

If you've never read a single investing book such as The Four Pillars of Investing, then this would be a great book to start out with, otherwise its just the same old information with a little bit on top of that.

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Amazing investment book.

Thank you so much for sharing this useful data ! Greatly appreciated. A lot of useful information contained in this book about investment and money.

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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.

12 people found this helpful

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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 people found this helpful

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  • skatensteel
  • 2019-10-15

Horrible book for Audiobook.

For a person that is trying to learn about the market, this book is extremely difficult to understand by only hearing at it. You need to accompany it with the written version. It has sections when it literally gives you actual math to think about. Extremely misleading, you learn very little like that. Mostly if investing in the market is something you have not done on your own beyond a simple 401K. Extremely disappointed.

2 people found this 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.

2 people found this 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.

4 people found this helpful

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  • mapi
  • 2020-09-20

lose the unnecessary references to sex; ....

... they add nothing and only appeal to male audience. I feel book downplays risks of common ownership. okay book overall.

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  • Chris
  • 2020-09-18

Insightful, but Surmised in one sentence.

If you don’t know or wanna know about stock investing, but you money in S&P 500 index funds. Still a good insightful read and I found it a comical critique of Wall Street. The middle third is more technical, this a little dry.

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  • Martin Fierro
  • 2020-08-29

Absolutely a Classic on Investment

If you will read only one book on investing, this should be it. Subsequent editions have absolutely kept it current. I am a retired attorney and banker, but I learned a great deal. Both the content and the approach were fabulous. I highly recommend this book.

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  • A.S. Hall
  • 2020-07-23

History Repeats Itself

A story about the beginning of the stock market through modern times. Who knew defective tulips & the slave trade had initial bearings on Trading.

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  • Jason Houle
  • 2020-06-02

Classic and must-listen

Malkiel, a front-runner of index investing, distils the best and latest understanding of investing practice. Fantastic rendition by Guidall. Possibly not for the complete beginner but the best place to come after getting mixed up trying to follow stock tips or get-rich-quick advice.