15 Best Investing Books for Beginners

8. A Random Walk Down Wall Street

Author: Burton Malkiel

“A Random Walk Down Wall Street” was written by Princeton professor Burton G. Malkiel in 1973. In the book, Malkiel argues that a consistent outperformance of the market is not possible and that the market is as efficient as it is at pricing assets, so there’s no need to identify undervalued stocks and to stick to passive investing and low-cost index funds. Even though “A Random Walk” contradicts techniques suggested by other authors, it can still be a great book for beginners, as it can show that anyone can start investing by simply buying shares of index funds.

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