From: utzoo!decvax!harpo!eagle!mhtsa!alice!cvw
Newsgroups: net.invest
Title: Re: Money funds, IRAs
Article-I.D.: alice.1425
Posted: Thu Jan 27 12:14:04 1983
Received: Sun Jan 30 06:10:59 1983
References: avsdS.310 machaids.226

An interesting book to read, even if one isn't an investor,
is Burton Malkiel's "Random Walk on Wall Street."

He explains why academic economists believe that neither technical
nor fundamental analysis can do better than a "buy-and-hold"
strategy.  He also explains the academic economists' alternative
theory of the market, the Capital Asset Pricing Model, which is
basically a formal version of the folk wisdom that one earns more
on riskier investments than on less risky ones.

The book is fun because it is not as dry as most economics texts
I have seen, and because it does more than tell the mechanics
of different kinds of investment: it explains other factors one
might want to consider in choosing among available vehicles.