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Running head: A CRITICAL REVIEW 1 Critical Review - A Random Walk Guide to Investing Name Institution
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A CRITICAL REVIEW 2 A Critical Review Introduction An investment is the acquisition of assets which are not put into use immediately but get utilized in a given range of time. The aim of investment is to create wealth at a later time. Different social scientist have defined investment differently basing of the contest of investment. For instance, the economists, define investment as the act of buying goods or services with an aim of keeping them for future creation of wealth (Limaye, 2015). The professionals in the field of finance view investment as a financial asset which get purchased with the intention of earning income from it in future (Mutuma, & Mungatu, 2016). The aim of investment is always to make profit despite the period of time that it will take. This paper provides a critical review of different books and articles written on investment including, A Random Walk Guide to Investing and compare the book with the other research and similar books on investment. A Random Walk Guide to Investing A Random Walk Guide to Investing by Burton demystifies the difficulties in the difficulties faced by individuals in personal finance. The author presents a ten point plan to describe how to succeed in the in the management of finances (Malkiel, 2005). The author presents the ideas with can suite investors. One of the idea presented by the author is that the investors ought to make purchase and hold the index funds. There book describes the ten point plans for investment in a simple manner which the readers can easily understand and apply during the decision making processes of investment (Malkiel, 2005). The information is well taught and presents an in-depth information since the author is an active researcher and an active professor of economics.
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A CRITICAL REVIEW 3 The title A Radom walk the book is symbolic since there is a hidden meaning. The title of the book has a meaning that the future events of an investment cannot be determined basing on the events and the actions which occurred in the past. In term can be used in the stock market to mean that the short-run transformations in the stock market are unpredictable (Malkiel, 2005). The investors cannot use the information from the chart parts to decide on investment. The investors ought to look at the future of investment basing on the current theories. The book by Malkiel present information about investment techniques which the investors ought to consider. The author provides more information on the technical analysis and the fundamental analysis as some of the important techniques which can be helpful for the investors (Malkiel, 2005). The technical analysis is a useful financial tool which provides a means for the predicting the trends of the prices through the use of the past data on markets (Malkiel, 2005). The ten rules presented by the author are majorly applicable to the practicing investors and the investors who are ready to get into the market. The student also can get some
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  • Spring '16
  • Malkiel

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