Winning Investment Strategies
Burton Malkiel, a noted economist, predicted that the eighties would be a boom period for the stock market. He suggested that the best investment strategy for overcoming double-digit inflation is the common stocks, and provided strong proofs on why these stocks are the best possible hedge against inflation in this decade. This book is for anyone who is looking ahead at the inflationary eighties and wondering how to invest wisely. The author drew on important new findings about inflation and corporate profits, revolution in investment technology, and his own analysis of price levels in the stock market.
Table of Contents
Preface
Acknowledgments from Earlier Editions
Part 1: Stocks and Their Value
Firm Foundations and Castles in the Air
The Madness of Crowds
Stock Valuation from the Sixties through the Nineties
The Firm-Foundation Theory of Stock Prices
Part 2: 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?
Part 3: The New Investment Technology
A New Walking Shoe: Modern Portfolio Theory
Reaping Reward by Increasing Risk
Potshots at the Efficient-Market Theory and Why They Miss
Part 4: A Practical Guide for Random Walkers and Other Investors
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
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?
A Random Walker's Address Book and Reference Guide to Mutual Funds