Investing basics1973
A Random Walk Down Wall Street
Burton G. Malkiel
Introduces efficient markets, asset bubbles, and why many investors are better served by passive strategies.
Quotes
Practical lesson: understand the business before the ticker.
Practical lesson: separate market price from economic value.
Practical lesson: test the thesis against evidence.
Practical lesson: build a process before committing capital.
These are practical paraphrases, not verbatim quotations.