Book Bearings
Cover of A Random Walk Down Wall Street by Burton Gordon Malkiel

A Random Walk Down Wall Street

Burton Gordon Malkiel

  • 440 pages ยท about 7 hours
  • First published 1973
  • 25 editions
Buy on Bookshop.orgView on Open Library

Bookshop.org links may earn us a commission. It supports independent bookstores and costs you nothing.

1 About this book

A Random Walk Down Wall Street, written by Burton Gordon Malkiel, a Princeton University economist, is a book on the subject of stock markets which popularized the random walk hypothesis. Published in 1973, Malkiel argues that asset prices typically exhibit signs of a random walk, and thus one cannot consistently outperform market averages.

The book is frequently cited by those in favor of the efficient-market hypothesis. After the twelfth edition, over 1.5 million copies had been sold, with the thirteenth edition being released in 2023 to coincide with the fiftieth anniversary of the original release. A practical popularization is The Random Walk Guide to Investing: Ten Rules for Financial Success.

Summary adapted from Wikipedia (CC BY-SA 4.0)

  • Business & economics
  • Stocks
  • Investments
  • Energy policy
  • Investments & Securities
  • Investissements

2 About Burton Gordon Malkiel

Born 1932

Burton Gordon Malkiel (born August 28, 1932) is an American economist, financial executive, and writer most noted for his classic finance book A Random Walk Down Wall Street (first published 1973, in its 13th edition as of 2023). Malkiel is the Chemical Bank Chairman's Professor of Economics at Princeton University, and is a two-time chairman of the economics department there.

Bio adapted from Wikipedia (CC BY-SA 4.0)

3 Similar books

Find a book that fits your moment