A Random Walk Down Wall Street (book)

"A Random Walk Down Wall Street" by Burton G. Malkiel explores the idea that stock prices follow a random path, making it difficult to predict their future movements. The book argues that, rather than trying to time the market or pick individual stocks, investors would be better served by investing in low-cost index funds that track the entire market. Malkiel discusses various investment strategies, the efficient market hypothesis, and the importance of a long-term investment approach, emphasizing that a diversified portfolio can help manage risk effectively. Overall, it promotes a balanced and rational perspective on investing.