A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Eleventh Edition)

Burton G. Malkiel

Jul 2015 · Recorded Books · Narrated by George Guidall

About this audiobook

One of the "few great investment books" (Andrew Tobias) ever written. A Wall Street Journal Weekend Investor "Best Books for Investors" Pick In a time of market volatility and economic uncertainty, when high-frequency traders and hedge fund managers seem to tower over the average investor, Burton G. Malkiel's classic and gimmick-free investment guide is now more necessary than ever. Rather than tricks, what you'll find here is a time-tested and thoroughly research-based strategy for your portfolio. Whether you're considering your first 401(k) contribution or contemplating retirement, this fully updated edition of A Random Walk Down Wall Street should be the first book on your reading list. In A Random Walk Down Wall Street you'll learn the basic terminology of "The Street" and how to navigate it with the help of a user-friendly, long-range investment strategy that really works. Drawing on his own varied experience as an economist, financial adviser, and successful investor, Malkiel shows why, despite recent advice to the contrary from so-called experts in the wake of the financial crisis, an individual who buys over time and holds a low-cost, internationally diversified index of securities is still likely to exceed the performance of portfolios carefully picked by professionals using sophisticated analytical techniques. In this new edition, Malkiel has provided valuable new material throughout the book on exchange-traded funds and investment opportunities in emerging markets, and in a brand-new, timely chapter, Malkiel authoritatively assesses the pitfalls and prospects of the latest investing trend, "smart beta." On top of all this, the book's classic life-cycle guide to investing, which tailors strategies to investors of any age, will help you plan confidently for the future. You'll learn how to analyze the potential returns, not only for basic stocks and bonds but for the full range of investment opportunities-from money-market accounts and real estate investment trusts to insurance, home ownership, and tangible assets like gold and collectibles. Individual investors of every level of experience and risk tolerance will find throughout the book the critical facts and step-by-step guidance they need to protect and grow their hard-earned dollars. With the prevailing wisdom changing on an almost daily basis, Malkiel's reassuring and vastly informative volume remains the best investment guide money can buy.

About the author

George Guidall is one of the most prolific narrators of audiobooks in the world. He has recorded nearly 650 unabridged novels, everything from "Crime and Punishment" and "The Iliad" to "Snow Falling on Cedars." He began his career as an actor, appearing on Broadway and touring Europe with Helen Hayes in the "Glass Menagerie," " Miracle Worker" and "The Skin of Our Teeth." He received an Obie Award for Best Performance Off-Broadway, and has continued his performances in theater for over 40 years. Guidall has also appeared on television, with roles on the soap "One Life to Live" and "Law and Order," and in movies such as "Malcolm X" and "Tales from the Darkside." His first job reading audiobooks was for the Library of Congress' American Foundation for the Blinds' Talking Books. Since then he has won the most prestigious Audiobook Award, the Audie Award, for Best Unabridged Narration of a novel for his recording of John Irving's "A Widow for One Year." He won the Audie again in 2000 for Wally Lamb's "I Know This Much is True."