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.