 | |
| Author | Burton Malkiel |
|---|---|
| Language | English |
| Genre | Non-fiction |
| Publisher | W. W. Norton & Company, Inc. |
Publication date | 1973 |
| Publication place | United States |
| Pages | 456 pp. |
| ISBN | 0-393-06245-7 |
| OCLC | 72798896 |
| 332.6 22 | |
| LC Class | HG4521 .M284 2007 |
A Random Walk Down Wall Street, written by Burton Gordon Malkiel, a Princeton University economist, is a book on the subject of stock markets which popularized the random walk hypothesis. Malkiel argues that asset prices typically exhibit signs of a random walk, and thus one cannot consistently outperform market averages. The book is frequently cited by those in favor of the efficient-market hypothesis. After the twelfth edition, over 1.5 million copies had been sold,[1] with the thirteenth edition being released in 2023 to coincide with the fiftieth anniversary of the original release. A practical popularization is The Random Walk Guide to Investing: Ten Rules for Financial Success.[2]
- ^ Burton Malkiel (2011) A random walk down Wall Street: the time-tested strategy for successful investing
- ^ Hardback: ISBN 978-0-393-05854-3, Paperback: ISBN 978-0-393-32639-0