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by Robin Sharma
The Time-Tested Strategy for Successful Investing
A Random Walk Down Wall Street by Burton G. Malkiel is a classic investment book that advocates for a passive investment strategy, emphasizing the efficient market hypothesis and the use of index funds.
Welcome to this Big Idea Blink. For this type of Blink, our editors choose one thought-provoking insight from a book, allowing you to gain something new in just a few minutes.
The idea we’d like to explore this time unearths the surprising notion of the stock market behaving like a “random walk” – with prices moving unpredictably, defying all assumed underlying patterns.
This idea comes from Burton G Malkiel’s A Random Walk Down Wall Street, which, although written back in 1973, continues to shake the very fabric of conventional market analysis in the 21st century.
A Random Walk Down Wall Street (1973) looks at the unpredictability of stock market prices, linking their movements to a “random walk.” It dispels the generally accepted belief in discernible market patterns, suggesting that consistent gains are not a product of easily-chartered trends.
A Random Walk Down Wall Street (1973) is a must-read book for anyone interested in understanding the world of investing. Here's why this book is worth your time:
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Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trialBlink 3 of 8 - The 5 AM Club
by Robin Sharma
What is the main message of A Random Walk Down Wall Street?
The main message of A Random Walk Down Wall Street is that it's difficult to consistently outperform the market.
How long does it take to read A Random Walk Down Wall Street?
The reading time for A Random Walk Down Wall Street varies, but it typically takes several hours. The Blinkist summary can be read in just 15 minutes.
Is A Random Walk Down Wall Street a good book? Is it worth reading?
A Random Walk Down Wall Street is worth reading as it provides valuable insights into the stock market and investing. It's a must-read for anyone interested in personal finance.
Who is the author of A Random Walk Down Wall Street?
The author of A Random Walk Down Wall Street is Burton G. Malkiel.
How many chapters are in A Random Walk Down Wall Street?
A Random Walk Down Wall Street has 14 chapters.
How many pages are in A Random Walk Down Wall Street?
A Random Walk Down Wall Street contains 448 pages.
When was A Random Walk Down Wall Street published?
A Random Walk Down Wall Street was published in 1973.