A Random Walk Down Wall Street is te “Average Joe’s 漫步华尔街是“乔大叔.docVIP

下载本文档

4
0
约1.98万字
约 11页
2018-06-19 发布于福建
举报
版权申诉

A Random Walk Down Wall Street is te “Average Joe’s 漫步华尔街是“乔大叔.doc

1、有哪些信誉好的足球投注网站（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
4、该文档为VIP文档，如果想要下载，成为VIP会员后，下载免费。
5、成为VIP后，下载本文档将扣除1次下载权益。下载后，不支持退款、换文档。如有疑问请联系我们。
6、成为VIP后，您将拥有八大权益，权益包括：VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
7、VIP文档为合作方或网友上传，每下载1次，网站将根据用户上传文档的质量评分、类型等，对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档

A Random Walk Down Wall Street is te “Average Joe’s 漫步华尔街是“乔大叔

“A Random Walk Down Wall Street” Book Report By: Gregory K. Mitchell BFIN 546 - Investments 02/22/1995 A Random Walk Down Wall Street is the “Average Joe’s” introduction to investing. The author does an excellent job of mixing humor, personal feelings, and historical examples of how people succumb to the “Castles in the Air” mentality. The first chapter is devoted to an introduction to the book and the explanation of a “random walk”. The “Random Walk” as Malkiel explains is the unpredictability of future steps or directions based on past actions. He further integrates this term into the unpredictability of the world of investing specifically the stock market. In chapter one he introduces the two techniques used by market professionals to determine what stocks to invest in and when to purchase them. These techniques are fundamental analysis and technical analysis. The first chapter goes on to introduce other concepts in investing such as the effect of inflation, the theory of investing, the Firm-Foundation theory, and what I believe to be the author’s favorite term, the Castle-in-the-Air Theory. I really enjoyed one quote from the author that gives me some confidence in investing in the stock market. The author wrote: “A successful investor is generally a well-rounded individual who puts a natural curiosity and an intellectual interest to work to earn more money.” This quote says to me that with the right motivation and using my own intellect I could be successful in investing also. In the second chapter the author dives into a historical look of how crowds of people have reacted to the prospect of making money no matter how unreasonable the investment is. Examples of such events include: Tulip-Bulb Craze, the South Sea Bubble, and the few years before the Great Depression, where examples of financial disasters waiting to happen. The Tulip-Bulb Craze in Holland proved to be an example of people wanting to get in on an investment no matter how risky o