Nicholas Burton Ordre des livres

A critical analysis of Burton Malkiel's A Random Walk Down Wall Street (1973), an explosive and indispensable contribution to debates about how to reap a good return on investing in stocks and shares. At the book's heart lies a simple question of evaluation: just how successful are investment experts?

When Manias, Panics, and Crashes was published (1978), the world was entering a new period of global economic turbulence. Economists based their analyses on the assumption that investors act rationally and often communicated their ideas with dry, technical language.