In A Random Walk Down Wall Street You Will Discover How Much Fun It Can Be To Beat The Pros At Their Own Game - And Learn A User-friendly Long-range Investment Strategy That Really Works. Skilled At Puncturing Financial Bubbles And Other Wall Street Delusions, Malkiel Explains Why A Broad Portfolio Of Stocks Selected By Chance Will Perform As Well As One Carefully Chosen By The Experts. With Characteristic Malkiel Clarity, A New Chapter In This Edition Covers The Dynamic, Seductive, And Potentially Dangerous Markets In Futures And Options. Taking A Shrewd Look At Derivative-type Securities - Pork-bellies In An Ivy League Suit--malkiel Shows How To Maximize Gains And Minimize Losses In This New Era Of High-risk Investing. Is There Really A Way Of Planning Long-term Investment? Carefully Assessing The Entire Battery Of Financial Instruments, Malkiel Lucidly Sets Forth The Factors That Determine The Returns That Can Be Obtained From Stocks And Bonds. He Outlines Strategies That Reduce And Even Eliminate The Tax Bite From Investment Earnings. And He Enables The Reader To Project The Future Yields From An Investment Strategy Suited To The Mid-1990s And On Into The Twenty-first Century. Firm Foundations And Castles In The Air -- The Madness Of Crowds -- Stock Valuation From The Sixties Into The Nineties -- The Firm-foundation Theory Of Stock Prices -- Technical And Fundamental Analysis -- Technical Analysis And The Random-walk Theory -- How Good Is Fundamental Analysis? -- A More Deliberate Walk Down Wall Street: Is The Stock Market Predictable After All? -- Modern Portfolio And Capital-asset Pricing Theory -- The Current State Of The Art: Beyond Beta -- How Pork Bellies Acquired An Ivy League Suit: A Primer On Derivatives -- A Fitness Manual For Random Walkers And Other Investors -- The Determinants Of Stock And Bond Returns And How You Can Roughly Project The Future Returns From Financial Assets -- A Life-cycle Guide To Investing -- Three Giant Steps Down Wall Street. Burton G. Malkiel. Includes Bibliographical References (p. 489-502) And Index.