[Bestseller Journey] A Random Walk Down Wall Street
What is time tested strategy to win in the market? The previous version of “A Random Walk Down Wall Street” clearly says holding INDEX FUND is a better scheme rather than directly managing individual stocks.
Malkiel compared the result between index funds and average managed funds by individuals (INDEX FUND outperformed 20% profit advantage), assuming 45 years of investment.
In addition, he advised readers to pay attention to the critical analysis of the wealth of new information written by market professionals and academic researchers.
This advice has been introduced as critical prep for investors to catch up with the speed of financial innovation trends.