The Random Walk and Beyond: An Inside Guide to the Stock Market

by Mark A. Johnson

A lucid, witty, and intelligent guide to modern investment theory, the evidence for and against it, and how to translate theory into practical investment strategies. Explains the ''Random Walk'' or the Efficient Market Hypothesis and shows what it means, where it is true, where it is not -- and how investors can take advantage of the areas in which it is not true to earn greater profits without increased risk. Examines concepts of value, how the numbers...

• Format: Hardcover
• Language: English
• ISBN: 0471632236
• ISBN13: 9780471632238
• Release Date: January 1988
• Publisher: Wiley
• Length: 245 Pages
• Weight: 1.15 lbs.
• Dimensions: 2.5" x 16.0" x 23.7"

Customer Reviews

Great book! Publisher should reprint.

I first found this book at my local library and found it to be one of the best books on investments that I'd read. Since then I've tried to find it for sale here and elsewhere, but have not been able to locate a copy. I hope the publisher will reprint this book someday (even better if they'd update and print a 2nd edition) before I steal the one from the library (I'm joking; but I would like to have a copy of the book).

Best book I've read on investing

The SEC should make this required reading for anyone who wants to invest in the stock market. Johnson clarifies what is important and what is not in investing. Even after he shows you how you CAN beat the market, he makes you think about whether you really NEED to beat the market. Much more meaningful than Lynch's pablum.