“Not more than half a dozen really good books about investing have been written in the past fifty years. This one may well be the classics category.” ----- FORBES This is a detailed abstract of the book. The opinions in the abstract only reflect those of the author’s not mine, though I largely agree with most of his opinions. The “I” in the abstract refers to the author. If you are only interested in how to make investment, you can read Part four directly. However, I strongly suggest you read the whole abstract | By Zhipeng Yan A Random Walk Down Wall Street - The Get Rich Slowly but Surely Book Burton G. Malkiel Not more than half a dozen really good books about investing have been written in the past fifty years. This one may well be the classics category. -FORBES This is a detailed abstract of the book. The opinions in the abstract only reflect those of the author s not mine though I largely agree with most of his opinions. The I in the abstract refers to the author. If you are only interested in how to make investment you can read Part four directly. However I strongly suggest you read the whole abstract. At least you don t need to read the 400-page book. Part One Stocks and Their Chapter 1. Firm Foundations and Castles in the Chapter 2. The Madness of Chapter 3. Stock Valuation from the sixties through the Chapter 4. The Biggest Bubble of All Surfing on the Chapter 5. The Firm-foundation Theory of Stock Part Two How the Pros Play the Biggest Game in Chapter 6. Technical and Fundamental Chapter 7. Technical analysis and the Random walk Chapter 8. How good is Fundamental analysis .14 Part Three The New Investment Chapter 9. A New Walking Shoe Modern Portfolio Chapter 10. Reaping Reward by Increasing Chapter 11. Potshots at the Efficient-Market Theory and Why they Part Four A Practical Guide for RANDOM WALKers and other Chapter 12. A Fitness manual for RANDOM Chapter 13. Handicapping the Financial Race A Primer in Understanding and Projecting Returns form Stocks and Chapter 14. A life-Cycle Guide to Chapter 15. Three Giant steps down Wall - 1 - By Zhipeng Yan Preface 1. Investors would be far better off buying and holding an index fund than attempting to buy and sell individual securities or actively managed mutual funds. 2. The basis thesis of the book the market prices stocks so efficiently .
