Summary: This week's podcast episode is a discussion of Burton Malkiel's famous investment book "A Random Walk Down Wall Street". Malkiel's key point is that stock market prices are inherently unpredictable. He further argues that investment advisor techniques such as technical analysis and fundamental analysis cannot be used to reliably beat market averages. In light of this, he recommends the alternative approach of passive investment. In the podcast, I summarise the contents of the book, discuss the main arguments, outline some criticisms, and suggest other books and ideas that may be of interest. Show Notes: A Random Walk Down Wall Street by Burton MalkielThe Little Book of Common Sense Investing by John BogleWhat Has Government Done to Our Money by Murray Rothbard (free download)Economic Science and the Austrian Method by Hans-Hermann Hoppe (free download)Fail-Safe Investing by Harry BrowneMr Money Mustache blogEarly Retirement Extreme blogBecoming an Entrepreneur bookListen to Episode 155
