BG

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A circus full of fun!
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First published in 1973, this seventh printing of a A Random Walk looks forward and does so broadly, examining a new range of investment choices facing the turn-of-the-century investor: money-market accounts, tax-exempt funds, Roth IRAs, and equity REITs, as well as the potential benefits and pitfalls of the emerging global economy. In his updated "life-cycle guide to investing," Malkiel offers age-related investment strategies that consider one's capacity for risk. (A 30-year-old who can depend on wages to offset investment losses has a different risk capacity from a 60-year-old.) In his assessment of rocketing Internet stocks, Malkiel defends his "random" position well, explaining how "the market eventually corrects any irrationality--albeit in its own slow, inexorable fashion. Anomalies can crop up, markets can get irrationally optimistic, and often they attract unwary investors. But eventually, true value is recognized by the market, and this is the main lesson investors must heed." Written for the financial layperson but bolstered by 30 years of research, A Random Walk will help individual investors take charge of their financial future. Recommended. --Rob McDonald

An excellent primer
Entertaining overview of important investment concepts
"The straight stuff for the intelligent investor"Most controversial has been Malkiel's support of the efficient market theory, which leads him to believe that "Investors would be far better off buying and holding an index fund than attempting to buy and sell individual securities or actively managed mutual funds." In the thirty years since its first edition, Malkiel's assertion has been supported by an ever-growing mountain of evidence that shows how, over the long run, an index fund outperforms the average actively managed fund. Few believe this advice, and prefer to show how smart they are through active trading, seeing their gains eaten away by brokrage commissions, management fees, short-term capital gains taxes, etc. Even Warren Buffet and Peter Lynch--the most successful traders in history--have admitted that most investors would be better off holding an index fund. Malkiel DOES NOT argue that you should not trade individual stocks or not buy options. He just explains why holding stocks instead of engaging in rapid fire trading will yield hefty returns over the long run. He also shows how options could be a great hedge against uncertainty--if you know what you are doing.
This is a great book that every investor should read.

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Little Witch's Big Night
anonymous 9 yr old
Cute Easy Reader Halloween Story
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Exc. Price Guide & Information on Antique Clocks
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Too many black and white pictures
A great sampler.
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Another mystical story from John
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All you need to know about air
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