Today’s stock market is not for the faint-hearted. At a time when high-frequency traders and hedge funds seem to have the upper hand, one might ask what the average investor is to do. Turn to the rock-solid advice in Burton G. Malkiel’s best-selling guide to investing. A Random Walk Down Wall Street now features new material on exchange traded funds and investment opportunities in emerging markets as well as a brand-new chapter on “smart beta” funds. And as always, Malkiel’s core insights-on stocks, bonds and money markets as well as property investment trusts and tangible assets-along with the book’s life-cycle guide to investing, will restore confidence and composure to anyone seeking a calm route through today’s financial markets.
![Random Random](/uploads/1/2/5/4/125486871/381636481.jpg)
'A random walk is one in which future steps or directions cannot be predicted on the bais of past actions.' 'On Wall Street, the term 'random walk' is an obscenity.' 'I wrote (in the first edition) that a blindfolded chimpanzee throwing darts at the Wall Street Journal could select a portfolio that would do as well as the experts.'