- Produto Elegível: Na compra de 3 títulos da página www.amazon.com.br/livrosimportados, o mais barato é grátis. Saiba mais (confira os termos e condições)
A Random Walk Down Wall Street – The Time–Tested Strategy for Successful Investing (Inglês) Capa Comum – 11 jul 2016
Ofertas especiais e produtos em promoção
Frequentemente comprados juntos
Clientes que compraram este item também compraram
Faça download dos Aplicativos de Leitura Kindle Gratuitos e comece a ler eBooks Kindle nos mais populares smartphones, tablets e computadores pessoais. Para enviar o link de download para seu smartphone por SMS, use o formato internacional sem espaços (Código Internacional+DDD+Número. Exemplo: +551199999999)
Para receber o link de download digite seu celular:
eBooks novos para sua biblioteca digital. Veja aqui
Detalhes do produto
Descrições do Produto
Sobre o Autor
Quais outros itens os consumidores compraram após visualizar este item?
Avaliação de clientes
Avaliações mais úteis de consumidores na Amazon.com
I have long ago realized that though I am interested in the workings of the market, I am not going to delve to the minutiae of companies and different trades and try to be smarter than someone else on the other side who thinks he’s doing the same thing. Nope. Malkiel and Bogle figured out a way I could get away with making the most return possible with the least effort possible - indexing.
Basically this book is a defense of the efficient market hypotheses, or at least part of it. As I understand it, there are two parts to the EMF. One is that the price is always right. So that there’s no such thing as a bubble ever because all the valuations of the market price of securities are representative of their underlying value. The other part is that there’s no free lunch. Or basically arbitrage opportunities may exist, but they are not predictable nor do they persist. I think that the second part is more true than the first, and that’s what this book really digs into, showing you that there are no persistent ways to beat the market. If that’s true, then the best way to consistently make money is to just buy the market. Thankfully there are financial instruments that make that possible - and they’re where I have my money. Cards on the table, this book is just a giant exercise in confirmation bias for me, but it is confirmation bias well done in clear writing with a well-organized structure. I read this burning through the pages on a long holiday weekend, and I wanted to send it to my parents. I thought again about that. It might be too late for them since I don’t know their financial positions. Maybe I’ll send it to my siblings.
A final note, though. Even though Malkiel shows convincingly that there is no way to beat the the market, there is an odd paradox. For the market to work, it needs people out there who think that they can beat the market. Even if the best strategy is to buy and hold a low cost index fund, if everyone did that liquidity and price discovery would drop. What someone following Malkiel needs is people who think he is wrong and that they can generate “alpha” (returns above the market). This goes against the second part of the EMF, where arbitrage opportunities can’t exist because if you have a way to beat the market, then everyone has a way to beat the market and then once everyone is in, no one has a way to beat the market.
1) A complete history of the stock market. It seems silly, but it allows you to hopefully learn from past mistakes
2) A really simple method to make money. This is not a get rich quick scheme, Malkiel suggests low fee mutual funds
3) Some really good advice about personal finance issues that a lot of people don't consider
That is it folks. He gives you the goods and explains why along every step of the way. He gives you the tools to be a smart investor and make money. If you are an old pro, this book probably isn't for you. If you are new to investing and/or have an open mind, start here.
Save yourself time and money and just get this book. You will have no need to read another investing book...ever.
With the exception of 'The Millionaire Next Door,' this is the only other book I think I really got good, sound, and useful advise from.
It's a ten star book (twice as good as the best investments books I've read)
Procure por itens similares por categoria