Review of “A Random Walk Down Wall Street” by Burton G. Malkiel

I’ve recommended this book to a bunch a people, so I thought I should probably read it.

After finally doing so, I can say for sure that I was right to recommend it.

You can make/save a lot of money by managing your money and finances well. There’s no better place to turn for advice, and Malkiel’s advice is straightforward and easy to follow.

If you expect economic catastrophe, you may want to stick to gold (and I should mention that investments in gold and currencies other than dollars are my only deviations from the basic principles in the book). However, if you expect catastrophe, you’re still stuck doing something with your savings, and you probably won’t be able to do better those which Malkiel recommends.

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2 Responses to Review of “A Random Walk Down Wall Street” by Burton G. Malkiel

  1. chucho says:

    The gist of this book is just to buy the index as opposed to individual stocks, right?

    • Foseti says:

      basically. he recommends a somewhat more diversified portfolio of stocks and bonds with some international positions in each. there’s also some good introductory stuff on insurance, retirement savings, etc.

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