A Random Walk Down Wall Street
Burton Malkiel
38 people recommended it in 13 threads, 2008–2022.
2 commenters pushed back on it — worth reading the threads.
What people on Hacker News said
I see a lot of people here recommending A Random Walk Down Wall Street, which is a good book, but you're going to finish it and say "This investing stuff is too complicated for me. I think I'll just put my money in index funds."
Good reading to get an understanding for this are "A Random Walk Down Wall Street" and papers by Eugene Fama (EMH will be covered by any intro to finance book as well).
A Random Walk Down Wall Street: I got much more interested in personal finance this year, and definitely recommend this book as a stepping stone for learning about investing.
The first and best book on investing that you should read: A Random Walk Down Wall Street (http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393062457). This book has great investing advice; is funny, interesting, and well-written; and clearly explains what's going on behind different investment approaches.
Random Walk and Black Swan are two good reads. Even if you end up not agreeing with the two's takes, they'll make you sufficiently skeptical of how well a book claims to explain the industry, which is a good position to approach it from.
I also recommend accompanying Bogleheads Guide it with A Random Walk Down Wall Street (http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393330338). It ranks with me as another "life changing" book.
Where it comes up
- Ask HN: Best book you read in 2011 2011 · 10 recommendations
- Ask HN: Book recommendations for understanding financial systems? 2020 · 7 recommendations
- Ask HN: Best books/source to learn about investing? 2008 · 6 recommendations
- Ask HN: What are the must-read books about economics/finance? 2016 · 4 recommendations
- Ask HN: Books you read in 2018? 2018 · 2 recommendations
- Ask HN: Books you read in 2016? 2016 · 2 recommendations
- Ask HN: Which books you have read till now that were worth investing time in? 2022 · 1 recommendation
- Ask HN: What is the best book you have read with the greatest impact on you? 2022 · 1 recommendation
- Ask HN: Which book/essay changed your life? 2021 · 1 recommendation
- Ask HN: What's one book that changed your life? 2018 · 1 recommendation
- Ask HN: Books you wish you had read earlier? 2017 · 1 recommendation
- Ask HN: What book changed your life in 2014? 2014 · 1 recommendation
- Good book for economics 2008 · 1 recommendation
