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.
Who should read it
Beginners building a systematic foundation.
Experienced investors reviewing their process.
Readers willing to write and apply, not only seek inspiration.
Do not copy the advice mechanically when your products, legal setting, or time horizon differs from the book's context.