Summary |
Burton G. Malkiel’s informative, irreverent, and gimmick-free approach to investing-first explained in his million-copy bestseller a random walk down Wall Street-has been the first place investors turn to both understand the market and use it to their best advantage. The random walk guide to investing distills this time-tested approach into ten rules:
Rule 1 Start saving now, not later
Rule 2 Keep a steady course: the only sure road to wealth is regular savings
Rule 3 Don’t be caught empty-handed: insurance and cash reserves
Rule 4 Stiff the tax collector
Rule 5 Match your asset mix to your investment personality
Rule 6 Never forget that diversity reduces adversity
Rule 7 Pay yourself, not the piper
Rule 8 Bow to the wisdom of the market
Rule 9 Back proven winners: model portfolios of index funds
Rule 10 Don’t be your own worst enemy: avoid stupid investor tricks
Concise but indispensable, the random walk guide to investing is ideal for anyone starting a portfolio, rebuilding after the don-com and telecom crashes, or simply looking for reassurance in the puzzling world of personal finance.
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