MARC Record from marc_nuls

LEADER: 09005cam 2200301Ia 4500
001 9919649250001661
005 20150423121858.0
008 040112s2003 nyua 001 0 eng d
020 $a0393325350
035 $a(CSdNU)u204603-01national_inst
035 $a(OCoLC)54011729
035 $a(OCoLC)54011729
040 $aIKG$cIKG$dYLS$dOrPss
049 $aCNUM
050 4 $aHG4521$b.M284 2003
100 1 $aMalkiel, Burton Gordon.
245 12 $aA random walk down Wall Street :$bthe time-tested strategy for successful investing /$cBurton G. Malkiel.
250 $a[Completely rev. and updated].
260 $aNew York :$bW.W. Norton,$cc2003.
300 $a456 p. :$bill. ;$c21 cm.
500 $aIncludes index.
505 0 $aStocks and Their Value -- Firm Foundations and Castles in the Air -- What Is a Random Walk? -- Investing as a Way of Life Today -- Investing in Theory -- The Firm-Foundation Theory -- The Castle-in-the-Air Theory -- How the Random Walk Is to Be Conducted -- The Madness of Crowds -- The Tulip-Bulb Craze -- The South Sea Bubble -- Wall Street Lays an Egg -- Stock Valuation from the Sixties through the Nineties -- The Sanity of Institutions -- The Soaring Sixties -- The New "New Era": The Growth-Stock/New-Issue Craze -- Synergy Generates Energy: The Conglomerate Boom -- Performance Comes to the Market: The Bubble in Concept Stocks -- The Sour Seventies -- The Nifty Fifty -- The Roaring Eighties -- The Triumphant Return of New Issues -- Concepts Conquer Again: The Biotechnology Bubble -- ZZZZ Best Bubble of All -- What Does It All Mean? -- The Nervy Nineties -- The Japanese Yen for Land and Stocks -- The Biggest Bubble of All: Surfing on the Internet -- How Bubbles Arise -- A Broad-Scale High-Tech Bubble -- An Unprecedented New-Issue Craze -- TheGlobe.com -- Security Analysts $peak Up -- New Valuation Metrics -- The Writes of the Media -- Fraud Slithers In and Strangles the Market -- Should We Have Known the Dangers? -- The Firm-Foundation Theory of Stock Prices -- The "Fundamental" Determinants of Stock Prices -- Testing the Rules -- One More Caveat -- What's Left of the Firm Foundation? -- How the Pros Play the Biggest Game in Town -- Technical and Fundamental Analysis -- Technical versus Fundamental Analysis -- What Can Charts Tell You? -- The Rationale for the Charting Method -- Why Might Charting Fail to Work? -- From Chartist to Technician -- The Technique of Fundamental Analysis -- Why Might Fundamental Analysis Fail to Work? -- Using Fundamental and Technical Analysis Together -- Technical Analysis and the Random-Walk Theory -- Holes in Their Shoes and Ambiguity in Their Forecasts -- Is There Momentum in the Stock Market? -- Just What Exactly Is a Random Walk? -- Some More Elaborate Technical Systems -- The Filter System -- The Dow Theory -- The Relative-Strength System -- Price-Volume Systems -- Reading Chart Patterns -- Randomness Is Hard to Accept -- A Gaggle of Other Technical Theories to Help You Lose Money -- The Hemline Indicator -- The Super Bowl Indicator -- The Odd-Lot Theory -- A Few More Systems -- Technical Market Gurus -- Why Are Technicians Still Hired? -- Appraising the Counterattack -- Implications for Investors -- How Good Is Fundamental Analysis? -- The Views from Wall Street and Academia -- Are Security Analysts Fundamentally Clairvoyant? -- Why the Crystal Ball Is Clouded -- The Influence of Random Events -- The Production of Dubious Reported Earnings through "Creative" Accounting Procedures -- The Basic Incompetence of Many of the Analysts Themselves -- The Loss of the Best Analysts to the Sales Desk or to Portfolio Management -- The Conflicts of Interest between Research and Investment Banking Departments -- Do Security Analysts Pick Winners?--The Performance of the Mutual Funds -- Can Any Fundamental System Pick Winners? -- The Verdict on Market Timing -- The Semi-strong and Strong Forms of the Efficient-Market Theory -- The Middle of the Road: A Personal Viewpoint -- The New Investment Technology -- A New Walking Shoe: Modern Portfolio Theory -- The Role of Risk -- Defining Risk: The Dispersion of Returns -- Illustration: Expected Return and Variance Measures of Reward and Risk -- Documenting Risk: A Long-Run Study -- Reducing Risk: Modern Portfolio Theory (MPT) -- Diversification in Practice -- Reaping Reward by Increasing Risk -- Beta and Systematic Risk -- The Capital-Asset Pricing Model (CAPM) -- Let's Look at the Record -- An Appraisal of the Evidence -- The Quant Quest for Better Measures of Risk: Arbitrage Pricing Theory -- Potshots at the Efficient-Market Theory and Why They Miss -- What Do We Mean by Saying Markets Are Efficient? -- Potshots That Completely Miss the Target -- Dogs of the Dow -- January Effect -- "Thank God It's Monday Afternoon" Pattern -- Hot News Response -- Why the Aim Is So Bad -- Potshots That Get Close but Still Miss the Target -- The Trend Is Your Friend (Otherwise Known as Short-Term Momentum) -- The Dividend Jackpot Approach -- The Initial P/E Predictor -- The "Back We Go Again" Strategy (Otherwise Known as Long-Run Return Reversals) -- The Smaller Is Better Effect -- The "Value Will Win" Record -- Stocks with Low Price-Earnings Multiples Outperform Those with High Multiples -- Stocks That Sell at Low Multiples of Their Book Values Tend to Produce Higher Subsequent Returns -- But Does "Value" Really Trump Growth on a Consistent Basis? -- Why Even Close Shots Miss -- And the Winner Is ... -- The Performance of Professional Investors -- A Practical Guide for Random Walkers and Other Investors -- A Fitness Manual for Random Walkers -- Cover Thyself with Protection -- Know Your Investment Objectives -- Dodge Uncle Sam Whenever You Can -- Pension Plans and IRAs -- Keogh Plans -- Roth IRAs -- Tax-Deferred Annuities -- Saving for College: As Easy as 529 -- Be Competitive--Let the Yield on Your Cash Reserve Keep Pace with Inflation -- Money-Market Mutual Funds -- Money-Market Deposit Accounts -- Bank Certificates -- Tax-Exempt Money-Market Funds -- Investigate a Promenade through Bond Country -- Zero-Coupon Bonds Can Generate Large Future Returns -- No-Load Bond Funds Are Appropriate Vehicles for Individual Investors -- Tax-Exempt Bonds Are Useful for High-Bracket Investors -- Hot TIPS: Inflation-Indexed Bonds -- Should You Be a Bond-Market Junkie? -- Begin Your Walk at Your Own Home--Renting Leads to Flabby Investment Muscles -- Beef Up with Real Estate Investment Trusts -- Tiptoe through the Fields of Gold, Collectibles, and Other Investments -- Remember That Commission Costs Are Not Random; Some Are Cheaper than Others -- Diversify Your Investment Steps -- A Final Checkup -- Handicapping the Financial Race: A Primer in Understanding and Projecting Returns from Stocks and Bonds -- What Determines the Returns from Stocks and Bonds? -- Three Eras of Financial Market Returns -- The Age of Comfort -- The Age of Angst -- The Age of Exuberance -- The Age of the Millennium -- A Life-Cycle Guide to Investing -- Four Asset-Allocation Principles -- Risk and Reward Are Related -- Your Actual Risk in Stock and Bond Investing Depends on the Length of Time You Hold Your Investment -- Dollar-Cost Averaging Can Reduce the Risks of Investing in Stocks and Bonds -- Distinguishing between Your Attitude toward and Your Capacity for Risk -- Three Guidelines to Tailoring a Life-Cycle Investment Plan -- Specific Needs Require Dedicated Specific Assets -- Recognize Your Tolerance for Risk -- Persistent Saving in Regular Amounts, No Matter How Small, Pays Off -- The Life-Cycle Investment Guide -- Three Giant Steps Down Wall Street -- The No-Brainer Step: Investing in Index Funds -- The Index-Fund Solution: A Summary -- A Broader Definition of Indexing -- A Specific Index-Fund Portfolio -- The Tax-Managed Index Fund -- The Do-It-Yourself Step: Potentially Useful Stock-Picking Rules -- Confine stock purchases to companies that appear able to sustain above-average earnings growth for at least five years -- Never pay more for a stock than can reasonably be justified by a firm foundation of value -- It helps to buy stocks with the kinds of stories of anticipated growth on which investors can build castles in the air -- Trade as little as possible -- The Substitute-Player Step: Hiring a Professional Wall Street Walker -- The Morningstar Mutual-Fund Information Service -- A Primer on Mutual-Fund Costs -- Loading Fees -- Expense Charges -- Comparing Mutual-Fund Costs -- The Malkiel Step -- A Paradox -- Some Last Reflections on Our Walk -- Supplement: How Pork Bellies Acquired an Ivy League Suit: A Primer on Derivatives -- Appendix to Supplement: What Determines Prices in the Futures and Options Markets?.
650 0 $aInvestments.
650 0 $aStocks.
650 0 $aRandom walks (Mathematics)
949 $aHG 4521 .M284 2003$i31786101817150
994 $a92$bCNU
999 $aHG 4521 .M284 2003$wLC$c1$i31786101817150$d8/23/2013$e8/3/2013 $f6/28/2004$g1$lCIRCSTACKS$mNULS$n9$rY$sY$tBOOK$u6/14/2004