A random walk down Wall Street: the time-tested strategy for successful investing

Part I. Stocks 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 ; An afterword

Speculative bubbles from the sixties into the nineties : The sanity of institutions ; The soaring sixties ; The nifty fifty ; The roaring eighties ; What does it all mean?

The explosive bubbles of the early 2000s : The Internet bubble ; The U.S. housing bubble and crash of the early 2000s ; Bubbles and economic activity

Part II. 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 ; Three important caveats ; 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 ; A gaggle of other technical theories to help you lose money ; Why are technicians still hired? ; Appraising the counterattack ; Implications for investers

How good is fundamental analysis?: The efficient-market hypothesis : The views from Wall Street and academia ; Are security analysts fundamentally clairvoyant? ; Why the crystal ball is clouded ; Do security analysts pick winners?: The performance of the mutual funds ; The semi-strong and strong forms of the efficient-market hypothesis (EMH)

Part III. The new investment technology : A new walking shoe: modern portfolio theory : The role of risk ; Defining risk: the dispersion of returns ; Documenting risks: 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 ; The Fama-French three-factor model ; A summing up

Behavioral finance : The irrational behavior of individual investors ; Behavioral finance and savings ; The limits to arbitrage ; What are the lessons for investors from behavioral finance? ; Does behavioral finance teach ways to beat the market?

Is "smart beta" really smart? : What is "smart beta"? ; Four tasty flavors: their pros and cons ; "Smart beta" funds flunk the risk test ; How well have factor tilts worked in practice? ; Blended hybrid strategies ; Other factor tilts ; Implications for investors ; Implications for believers in efficient markets ; Capitalization-weighted indexing remains at the top of the class.

Part IV. A practical guide for random walkers and other investors : A fitness manual for random walkers and other investors : Exercise 1. Gather the necessary supplies ; Exercise 2. Don't be caught empty-handed: cover yourself with case reserves and insurance ; Exercise 3. Be competitive: let the yield on your cash reserve keep pace with inflation ; Exercise 4. Learn how to dodge the tax collector ; Exercise 5. Make sure the shoe fits: understand your investment objectives ; Exercise 6. Begin your walk at your own home: renting leads to flabby investment muscles ; Exercise 7. How to investigate a promenade through bond country ; Exercise 7a. Use bond substitutes for part of the aggregate bond portfolio during eras of financial repression ; Exercise 8. Tiptoe through the fields of gold, collectibles, and other investments ; Exercise 9. Remember that investment costs are not random: some are lower than others ; Exercise 10. Avoid sinkholes and stumbling blocks: 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? ; Four historical eras of financial market returns ; Era I. The age of comfort ; Era II. The age of angst ; Era III. The age of exuberance ; Era IV. The age of disenchantment ; The markets from 2009 through 2014 ; Handicapping future returns

A life-cycle guide to investing : Five asset-allocation principles ; Three guidelines to tailoring a life-cycle investment plan ; The life-cycle investment guide ; Life-cycle funds ; Investment management once you have retired ; Investing a retirement nest egg ; The do-it-yourself method

Three giant steps down Wall Street : The no-brainer step: investing in index funds ; The do-it-yourself step: potentially useful stock-picking rules ; The substitute-player step: hiring a professional Wall Street walker ; The Morningstar Mutual Fund Information Service ; The Malkiel step ; A paradox ; Investment advisers ; Some last reflections on our walk ; A final word

A random walker's address book and reference guide to mutual funds and ETFs.

Firm foundations and castles in the air

The madness of crowds

Speculative bubbles from the sixties into the nineties

The explosive bubbles of the early 2000s

Technical and fundamental analysis

Technical analysis and the random-walk theory

How good is fundamental analysis?

A new walking shoe : modern portfolio theory

Reaping reward by increasing risk

Behavioral finance

Potshots at the efficient-market theory and why they miss

A fitness manual for random walkers

Handicapping the financial race : a primer in understanding and projecting returns from stocks and bonds

A life-cycle guide to investing

Three giant steps down Wall Street.

Firm foundations and castles in the air

The madness of crowds

Speculative bubbles from the sixties into the nineties

The explosive bubbles of the early 2000s

Technical and fundamental analysis

Technical analysis and the Random Walk Theory

How good is fundamental analysis? The Efficient-Market Hypothesis

A new walking shoe: Modern portfolio theory

Reaping reward by increasing risk

Behavioral finance

Is "Smart beta" really smart?

A fitness manual for random walkers and other investors

Handicapping the financial race: A primer in understanding and projecting returns from stocks and bonds

A life-cycle guide to investing

Three giant steps down Wall Street.

Part one. Stocks and their value. Firm foundations and castles in the air ; The madness of crowds ; Speculative bubbles from the sixties into the nineties ; The explosive bubbles of the early 2000s

Part two. How the pros play the biggest game in town. Technical and fundamental analysis ; Technical analysis and the random-walk theory ; How good is fundamental analysis? The efficient-market hypothesis

Part three. The new investment technology. A new walking shoe: modern portfolio theory ; Reaping rewards by increasing risk ; Behavioral finance ; New methods of portfolio construction: smart beta and risk parity

Part four. A practical guide for random walkers and other investors. A fitness manual for random walkers and other investors ; Handicapping the financial race: a primer in understanding and projecting returns from stocks and bonds ; A life-cycle guide to investing ; Three giant steps down Wall Street.