New Feature! Download infographics with key insights from bestselling non-fiction books

Book Summary

A Random Walk Down Wall Street

15 min

Audio available Video available

Brief Summary

Malkiel’s core message is that investing success doesn’t require brilliance—it requires discipline. The stock market rewards patience, diversification, and humility, not prediction or speculation.

Short-term market movements are unpredictable, but long-term growth is remarkably consistent. By investing in low-cost index funds, reinvesting dividends, and staying invested during downturns, anyone can achieve financial independence.

He reminds readers that markets will always fluctuate, fads will come and go, and experts will continue to make bold but unreliable predictions. The true investor’s edge lies not in timing the market, but in time in the market.

About the Author

Burton G. Malkiel, born in 1932, is a Princeton University economist, financial theorist, and best-selling author. A graduate of Harvard and Princeton, he served as a director at Vanguard, where his ideas helped shape the creation of the world’s first index fund.

His combination of academic research and practical experience has made him one of the most respected voices in investing. With more than 1.5 million copies sold, A Random Walk Down Wall Street remains the definitive guide for anyone seeking to build wealth through rational, long-term investing.

Topics

Money & Investments

Join over 100,000 readers!

Sign up for 3 free book summaries and upgrade for unlimited access

Get Started for Free

Save time with unlimited access to text, audio, and video summaries of the world's best-selling books.

Upgrade Now

More Like This

How to Make Money in Stocks

William J. O’ Neil

Antifragile

Nassim Nicholas Taleb

The Millionaire Real Estate Agent

Gary Keller, Dave Jenks, and Jay Papasan

Skin in the Game

Nassim Nicholas Taleb

The Intelligent Investor

Benjamin Graham

Learn Something New Every Day with Sumizeit

Try Sumizeit to get the key ideas from thousands of bestselling nonfiction titles. Listen, read, or watch in just 15 minutes.

Highest quality content

Our book summaries are crafted to be unbiased, concise, and comprehensive, giving you the most valuable insights in the shortest amount of time.

New content added constantly

We add new content each week, including New York Times bestsellers.

Learn on the go

Learn anytime, anywhere - read, listen or watch summaries on IOS, tablet, laptop, and Kindle!

Cancel anytime

Changed your mind? No problem. Cancel your subscription anytime.

Collect Achievements

Learning just got more rewarding - track your progress and earn prizes using our mobile app.

And much more!

Improve your retention with quizzes. Enjoy PDF summaries, infographics, offline access with our app and more.

Get Started for Free

Our users love Sumizeit

Join thousands of readers who learn faster than they ever thought possible

4.6

out of 5

5k+ ratings

Get Started for Free

As featured in

People ❤️ SumizeIt

See what our readers are saying

Olga Z.

I love this app! As a busy executive, I don't have time to read entire books, but I still want to stay informed. This app provides me with concise summaries of the latest bestsellers, so I can stay up-to-date on the latest trends and ideas without sacrificing my precious time.

Chen L.

Very good development in last months. Content updates on a regular basis and UI is getting better and better.

Erica A.

Great product. Have used them for a long time. One of my favorite things about them is that they are able to summarize a whole book into just 10 minutes.

William H.

This app has been a lifesaver for my studies. Instead of struggling to finish textbooks, I can quickly get the key points from each chapter. It's helped me improve my grades and understand the material much better.

Get Started for Free

Featured Book Titles

Popular Book Summaries at sumizeit, leading book summary app

Atomic Habits Book Summary Rich Dad Poor Dad Book Summary The Four Agreements Book Summary The 48 Laws of Power Book Summary When Breath Becomes Air Book Summary Think and Grow Rich Book Summary

The 7 Habits of Highly Effective People Book Summary Thinking, Fast and Slow Book Summary The Art of War Book Summary The Subtle Art of Not Giving a F*ck Book Summary The 4-Hour Workweek Book Summary The Power of Habit Book Summary The 12 Rules For Life Book Summary

The 5 AM Club Book Summary Maybe You Should Talk to Someone Book Summary How to Talk to Anyone Book Summary 13 Things Mentally Strong People Don't Do Book Summary Becoming by Michelle Obama Book Summary Never Split the Difference Book Summary