A Random Walk Down Wall Street
Burton G. Malkiel
Introduces efficient markets, asset bubbles, and why many investors are better served by passive strategies.
Case studies
Case 1
When applying A Random Walk Down Wall Street, choose a real decision and test whether you can understand the business before the ticker. Record evidence, action, and outcome to avoid hindsight rationalization.
Case 2
When applying A Random Walk Down Wall Street, choose a real decision and test whether you can separate market price from economic value. Record evidence, action, and outcome to avoid hindsight rationalization.
Case 3
When applying A Random Walk Down Wall Street, choose a real decision and test whether you can test the thesis against evidence. Record evidence, action, and outcome to avoid hindsight rationalization.
Case 4
When applying A Random Walk Down Wall Street, choose a real decision and test whether you can build a process before committing capital. Record evidence, action, and outcome to avoid hindsight rationalization.