Path: gmdzi!unido!mcsun!uunet!bellcore!usenet
From: niel...@bellcore.com (Jakob Nielsen)
Newsgroups: misc.invest
Subject: Re: A Random Walk Down Wall Street
Message-ID: <1991Jan17.145856.2943@bellcore.bellcore.com>
Date: 17 Jan 91 14:58:56 GMT
References: <1448@inews.intel.com> <5010009@hpnmdla.HP.COM> <12179@pucc.Princeton.EDU> <2652@dftsrv.gsfc.nasa.gov> <34052@athertn.Atherton.COM>
Sender: use...@bellcore.bellcore.com (Poster of News)
Organization: Bellcore - Bell Communications Research
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In article <34...@athertn.Atherton.COM> mi...@athertn.Atherton.COM (Michael
Zimmers) writes:
>In article <2...@dftsrv.gsfc.nasa.gov> pac...@amarna.gsfc.nasa.gov writes:
>
>>I consider "A Random Walk Down
>>Wall Street" the best book on investing I've read.
>
>As do I.  BTW, for the other old-timers who have Malkiel's earlier
>editions, I just picked up his fourth edition (dated 1985), and it's
>about twice the size of the third edition.  Probably pretty necessary
>reading, especially considering some of the stuff that went on in the
>early 80s.
>
Let me add my vote for "A Random Walk Down Wall Street" as a *really* good
investment book. I read the fifth edition (1990 or possibly 1989) which
comments on various events after 1985 (like the crash in 1987), updates the
various statistics, and covers recent theoretical work.

I must say that I found the book a little bit too un-mathematical for my taste
(Ph.D. in computer science), but that is probably necessary for the mass
market. And the references *are* available for anybody who feels like being
exposed to the full mathematical rigor of modern economics.