f7d9395c_atings_and_reviews___Gwern_net__Review
[Title] A Random Walk Down Wall Street [Author] Burton G. Malkiel [Rating] ★★★ [Year] 2004 [Review] 
It’s hard to believe at this point that Malkiel’s views on the desirability of indexing and not trading and the basic truth of the efficient market hypothesis were ever controversial or not conventional wisdom (the 1 and 2 star reviews here notwithstanding… how many geniuses like Peter Thiel blew up betting against Treasuries in the past few years, guys? Efficient markets FTW.), but nevertheless, he was a pioneer. I didn’t wind up learning too much from this since it’s targeted at beginners, but that is not its fault and the advice is generally sound.
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