In weniger als einer Minute können Sie mit dem Lesen von A Random Walk Down Wall Street: The Time-Tested Strategy... auf Ihrem Kindle beginnen. Sie haben noch keinen Kindle? Hier kaufen Oder fangen Sie mit einer unserer gratis Kindle Lese-Apps sofort an zu lesen.

An Ihren Kindle oder ein anderes Gerät senden

 
 
 

Kostenlos testen

Jetzt kostenlos reinlesen

An Ihren Kindle oder ein anderes Gerät senden

Jeder kann Kindle Bücher lesen  selbst ohne ein Kindle-Gerät  mit der KOSTENFREIEN Kindle App für Smartphones, Tablets und Computer.
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition)
 
 

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition) [Kindle Edition]

Burton G. Malkiel
4.2 von 5 Sternen  Alle Rezensionen anzeigen (57 Kundenrezensionen)

Kindle-Preis: EUR 11,54 Inkl. MwSt. und kostenloser drahtloser Lieferung über Amazon Whispernet

Weitere Ausgaben

Amazon-Preis Neu ab Gebraucht ab
Kindle Edition EUR 11,54  
Gebundene Ausgabe EUR 19,40  
Taschenbuch EUR 13,95  
Audio CD, Audiobook EUR 28,78  


Produktbeschreibungen

Amazon.de

It's unlikely that you'll spot many dog-eared copies of A Random Walk floating amongst the Wall Street set (although bookshelves at home may prove otherwise). After all, a "random walk"--in market terms--suggests that a "blindfolded monkey" would have as much luck selecting a portfolio as a pro. But Burton Malkiel's classic investment book is anything but random. Since stock prices cannot be predicted in the short term, argues Malkiel, individual investors are better off buying and holding onto index funds than meddling with securities or actively managing mutual funds. Not only will a broad range of index funds outperform a professionally managed portfolio in the long run, but investors can avoid expense charges and trading costs, which decrease returns.

First published in 1973, this seventh printing of a A Random Walk looks forward and does so broadly, examining a new range of investment choices facing the turn-of-the-century investor: money-market accounts, tax-exempt funds, Roth IRAs, and equity REITs, as well as the potential benefits and pitfalls of the emerging global economy. In his updated "life-cycle guide to investing," Malkiel offers age-related investment strategies that consider one's capacity for risk. (A 30-year-old who can depend on wages to offset investment losses has a different risk capacity from a 60-year-old.) In his assessment of rocketing Internet stocks, Malkiel defends his "random" position well, explaining how "the market eventually corrects any irrationality--albeit in its own slow, inexorable fashion. Anomalies can crop up, markets can get irrationally optimistic, and often they attract unwary investors. But eventually, true value is recognized by the market, and this is the main lesson investors must heed." Written for the financial layperson but bolstered by 30 years of research, A Random Walk will help individual investors take charge of their financial future. Recommended. --Rob McDonald

Amazon.com

It's unlikely that you'll spot many dog-eared copies of A Random Walk floating amongst the Wall Street set (although bookshelves at home may prove otherwise). After all, a "random walk"--in market terms--suggests that a "blindfolded monkey" would have as much luck selecting a portfolio as a pro. But Burton Malkiel's classic investment book is anything but random. Since stock prices cannot be predicted in the short term, argues Malkiel, individual investors are better off buying and holding onto index funds than meddling with securities or actively managing mutual funds. Not only will a broad range of index funds outperform a professionally managed portfolio in the long run, but investors can avoid expense charges and trading costs, which decrease returns.

First published in 1973, this seventh printing of a A Random Walk looks forward and does so broadly, examining a new range of investment choices facing the turn-of-the-century investor: money-market accounts, tax-exempt funds, Roth IRAs, and equity REITs, as well as the potential benefits and pitfalls of the emerging global economy. In his updated "life-cycle guide to investing," Malkiel offers age-related investment strategies that consider one's capacity for risk. (A 30-year-old who can depend on wages to offset investment losses has a different risk capacity from a 60-year-old.) In his assessment of rocketing Internet stocks, Malkiel defends his "random" position well, explaining how "the market eventually corrects any irrationality--albeit in its own slow, inexorable fashion. Anomalies can crop up, markets can get irrationally optimistic, and often they attract unwary investors. But eventually, true value is recognized by the market, and this is the main lesson investors must heed." Written for the financial layperson but bolstered by 30 years of research, A Random Walk will help individual investors take charge of their financial future. Recommended. --Rob McDonald


Produktinformation


Mehr über den Autor

Entdecken Sie Bücher, lesen Sie über Autoren und mehr

Welche anderen Artikel kaufen Kunden, nachdem sie diesen Artikel angesehen haben?


Kundenrezensionen

Die hilfreichsten Kundenrezensionen
2 von 2 Kunden fanden die folgende Rezension hilfreich
5.0 von 5 Sternen Excellent book, but not for everyone 21. September 1997
Von Ein Kunde
Format:Taschenbuch
If you're looking for a get-rich-quick book,
don't bother. While this book will help you
become a smarter investor, the goal isn't so
much to convince you that certain methods of
picking securities are superior to others as it is to
provide a solid education in financial market
theory.

It's a long book, and written with an academic
style that some people will find dry and boring,
but Malkiel successfully avoids turning it into
a textbook. He manages to present a wealth of
information about *why* markets behave the way
they do without getting bogged down in the math.

If you've read some of the other books on
investing, and are interested enough to want
to look deeper behind the scenes, this book
is well worth your time.
War diese Rezension für Sie hilfreich?
1 von 1 Kunden fanden die folgende Rezension hilfreich
Von Ein Kunde
Format:Gebundene Ausgabe
Beware of the one star reviews, its clear that these people are technical analysts. They don't sell advice, they sell commissions. Technicalist try to make money by a encouraging high turnover e.g. stirring excitement, lending easy credit etc. etc. You just have to read this book to understand. My views? well the maket is not totally random its more "deterministic" meaning not completely random. This personal idiosycracy I acquired from chaos theory literature. On investing- you really have no choice, if you think about it, you have to put your money where you can earn the highest rate of return possible and a savings account is surely not going beat the return on stocks and bonds or a portfolio of both. Plus whatever happens to corporate earnings (if they go down) you still have compound interest working for you if you save long enough. And that will beat the return on a savings account.
War diese Rezension für Sie hilfreich?
5 von 6 Kunden fanden die folgende Rezension hilfreich
1.0 von 5 Sternen Don't read the later editions! 21. Dezember 2003
Format:Taschenbuch
Forget this version. Instead, go to the library and check out the 1996 version, which at least discusses 'pork bellies' (derrivatives and option trading), if too little. Instead of taking the cue from the collapse (10/98) of Long Term Capital Management and producing something new and more interesting, Malkiel keeps on giving us warmed over versions of the same old EMH (efficient market hypothesis), which many researchers by now know is wrong (Fisher Black & Co. knew it in the eighties). Malkiel's beloved 'back of the envelope' calculation showing large how stock price changes can be caused by small interest rate changes is also irrelevant, because it assumes that dividends determine stock prices, and everyone in the market knows that dividends haven't mattered in the last ten years, at least. The 1996 edition (3 stars) is informative. There, you can learn what beta is, and the example discussed of using covered calls as a conservative strategy is also nice.
War diese Rezension für Sie hilfreich?
1 von 1 Kunden fanden die folgende Rezension hilfreich
5.0 von 5 Sternen Financial Education 31. Juli 2000
Von "katja_r"
Format:Taschenbuch
I learned a great deal from this book about investing. For all the technical financial subjects that are addressed in this book, Mr Malkiel manages to make them interesting through clear and often humourous explanations. He makes a strong case for an investment strategy of "buy-and-hold" as well as for Index Funds. Whether or not you agree with that strategy, there is still quite a bit of value in this book. Mr Malkiel thoroughly presents the two prevailing investment theories. First, he explains Value Investing whose proponents include S. Eiot Guild, John B Williams, Benjamin Graham and Warren Buffet. Then, he explains a form of investing which relies on Mass Psychology which has been enunciated by Lord John M Keynes. Finally, Mr Malkiel articulates a simple investing strategy which accomodates both of these views. I feel much more confident that I am able to make proper investment decisions after reading this book. If you are interested in financial investments, and particularly, the Stock Market, this is an interesting book for you.
War diese Rezension für Sie hilfreich?
5.0 von 5 Sternen Buy this book 8. Juli 1999
Von Ein Kunde
Format:Gebundene Ausgabe
Except for perhaps a personal finance book, this book should be the first book bought by a beginning investor. Although the author makes it clear up-front what his views of the best investing options are, this book presents theories and facts in an understandable manner that will lead you to form your own conclusions.
No matter if you think you want to day trade, buy and hold, buy mutual funds, buy bonds, or buy an index fund, this book will give you an invaluable understanding of the market, and after reading it you will be in a much better position to plot your investing future.
As for those that call it academic BS, the book presents the results of actual studies and has an extensive bibliography, you are asked to take nothing forgranted. The book acknowledges that some people do beat the market, and will give you information that will allow you to come to your own conclusions about how you would best invest your money.
This is not a how-to book but a book that gives a well-rounded understanding of the market. It will not explain all the various types of stock options, for example, and if after reading this you want to buy options, there are plenty of detailed books on that. You are well advised to read this first though.
War diese Rezension für Sie hilfreich?
5.0 von 5 Sternen Great Academic Theory, Poor Practical Application 28. Juni 1999
Von Ein Kunde
Format:Gebundene Ausgabe
This is a GreaT book for beginning investors to read to get an understanding of the efficient market theory (all past, present, and future information on companies are reflected in current stock prices, so no way to beat market). It is indeed true that in the last 10-15 years, an S&P500 fund beat out about 90-95% of actively managed mutual funds. However, it does not mean that you can't beat the market. Inefficient prices can be seen in the market every single day. If you had enough capital (money) you can push a thinly traded stock WAY beyond the bounds of its efficient price for days even MONTHS (Stock Promoters often do this!! WATCH OUT). The theories in this book should be treated as just that, theories! There are ways to consistently beat the market, but it takes much more work than simply diversifying among mutual funds. I know because I've succesfully beaten the S&P500 15 years in a row trading using a variety of technical systems. Must Reads : "Technical Analysis Explained" by Martin Pring, "Technical Analysis of Financial Markets" John Murphy.
War diese Rezension für Sie hilfreich?
Möchten Sie weitere Rezensionen zu diesem Artikel anzeigen?
Waren diese Rezensionen hilfreich?   Wir wollen von Ihnen hören.
Die neuesten Kundenrezensionen
4.0 von 5 Sternen a classic
Als dar as the fundamental ideas are concerned, the Book is applicable for Most advanced financial markets - Somerset specific sections however relate only to (taxable) us citizens
Vor 2 Monaten von Roland Muff veröffentlicht
5.0 von 5 Sternen Gutes Buch
Ich habe mir von dem Buch die Kindle Edition gekauft. Wenn man bei dem Börsengeschehen noch kein Experte ist, verschafft das Buch einen guten Einblick. Lesen Sie weiter...
Vor 8 Monaten von Nein_Ich_habe_keine_Rabattkarte veröffentlicht
5.0 von 5 Sternen ein packend erzählter Spaziergang entlang der Wall Street
Dieses Buch ist zurecht ein Klassiker der Investmentliteratur. Malkiel spaziert durch eine Vielzahl von Themen und räumt hierbei mit zahlreichen Mythen auf, wie an der... Lesen Sie weiter...
Vor 12 Monaten von S. Will veröffentlicht
5.0 von 5 Sternen very interesting
very interesting and inspiring book to learn about business and investment and how this stochastic world works . . .
Vor 15 Monaten von Ghazal Tayebirad veröffentlicht
5.0 von 5 Sternen A Random Walk down Wall Street - Prof. Malkiel
Das Buch sollte jeder Investor lesen, es ist umfassend und klar, wertvoll in jeder Hinsicht. Die Überlegungen und Empfehlungen sind mit gewissen Abstrichen auch in/für... Lesen Sie weiter...
Veröffentlicht am 26. Januar 2012 von KCG
4.0 von 5 Sternen One of the few investment books worth reading
Concise, thorough, and fair: Malakiel lays out efficient markets theory (the economics of information), and debunks anyone who claims to have a "special edge" on the... Lesen Sie weiter...
Veröffentlicht am 3. Juli 2000 von Yaumo Gaucho
5.0 von 5 Sternen The most important book on stock markets ever written
In RANDOM WALK DOWN WALL STREET, Burton Malkiel sets out the basics of modern corporate financial theory in a way accessible to the law reader. Lesen Sie weiter...
Veröffentlicht am 2. Juni 2000 von Stephen M. Bainbridge
5.0 von 5 Sternen A classic book on investing and the money game.
A classic! A must for anyone with interest in money (and power).
Veröffentlicht am 23. Mai 2000 von Julius Valsson
5.0 von 5 Sternen One of the Best Investment Books Ever - Theory is Good
Anyone who gives this book a bad rating is likely to have an agenda of profiting from fruitless trading by amateurs. Lesen Sie weiter...
Veröffentlicht am 14. April 2000 von Bob G.
1.0 von 5 Sternen Malkiel's Words Boost Market Inefficiency
How interesting that an efficient market theory advocates' advice only helps create market inefficiencies! Lesen Sie weiter...
Veröffentlicht am 6. April 2000 von "toasterovensmelike"
Kundenrezensionen suchen
Nur in den Rezensionen zu diesem Produkt suchen

Beliebte Markierungen

 (Was ist das?)
&quote;
The firm-foundation theory argues that each investment instrument, be it a common stock or a piece of real estate, has a firm anchor of something called intrinsic value, which can be determined by careful analysis of present conditions and future prospects. &quote;
Markiert von 150 Kindle-Nutzern
&quote;
Rule 1: Buy only companies that are expected to have above-average earnings growth for five or more years. &quote;
Markiert von 114 Kindle-Nutzern
&quote;
Rule 4: A rational investor should be willing to pay a higher price for a share, other things being equal, the lower the interest rates. &quote;
Markiert von 107 Kindle-Nutzern

Kunden diskutieren

Das Forum zu diesem Produkt
Diskussion Antworten Jüngster Beitrag
Noch keine Diskussionen

Fragen stellen, Meinungen austauschen, Einblicke gewinnen
Neue Diskussion starten
Thema:
Erster Beitrag:
Eingabe des Log-ins
 

Kundendiskussionen durchsuchen
Alle Amazon-Diskussionen durchsuchen
   


Kunden, die diesen Artikel markiert haben, haben auch Folgendes markiert


Ähnliche Artikel finden