Book Name : Random Walk Down Wall Street
Author : Burton G. Malkiel
What is it about : The amazing history and stories of the world's many stock markets are well presented here - from the tulip craze to the dotcom bust. The author also explains in great details the theories and methods used in predicting and analysing the stock indices and trends; namely fundamental analysis and technical analysis and conclude with the remarks that the end results differ little from a blind-folded monkey throwing random darts at the dart board.
Some thoughts after having read the book : But how very true ! The readers are presented with statistics and facts that make you wonder what is the point in paying the fund managers to do your investing, as they never beat the average ! The book is full of examples in demonstrating the herd instincts of the common investor with the often short-lived optimism and confidence followed by the dire end-of-the-world pessimism in picking the right/wrong stock.
Would I recommend this book to you : A fascinating read ! Even though you are not versed with the intricacies of the "technical" side of the stock markets, the history and the amazing crazy levels people can be elevated to, by their sheer greed and fear will make you turn the pages like a popular fiction.
Author : Burton G. Malkiel
What is it about : The amazing history and stories of the world's many stock markets are well presented here - from the tulip craze to the dotcom bust. The author also explains in great details the theories and methods used in predicting and analysing the stock indices and trends; namely fundamental analysis and technical analysis and conclude with the remarks that the end results differ little from a blind-folded monkey throwing random darts at the dart board.
Some thoughts after having read the book : But how very true ! The readers are presented with statistics and facts that make you wonder what is the point in paying the fund managers to do your investing, as they never beat the average ! The book is full of examples in demonstrating the herd instincts of the common investor with the often short-lived optimism and confidence followed by the dire end-of-the-world pessimism in picking the right/wrong stock.
Would I recommend this book to you : A fascinating read ! Even though you are not versed with the intricacies of the "technical" side of the stock markets, the history and the amazing crazy levels people can be elevated to, by their sheer greed and fear will make you turn the pages like a popular fiction.
