A Random Walk Down Wallstreet. Thoughts??

I haven't read the entire book, but it's definitely a great finance book from a foundational understanding aspect.

The folks who follow technical analysis will tell you it is weak and outdated, but it fits into my investment philosophy pretty well. I need to dive back into it.

I've read

-intelligent investor and the millionaire next door. I'm starting this one next

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Random Walk Down Wall Street Intelligent Investor One Up On Wall Street

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I've read 3/4 of Random Walk and about 1/2 of One up.

Random Walk has a major premise - you can't beat the market. Put it in an index etf. But it does give a good lesson/history on what I would guess you would call investing theories.

Random Walk was underwhelming since I had been Bogling since college.

I do need to read different philosophy though even if I can't make it actionable for me

I also really liked the book Rule #1 by Phil Town. It really goes into what numbers to look for on a balance sheet and some technical indicators to trade by.

It's main premise is value investing Buffet style, but I find the metrics he uses of pricing a "buy stock" way too stringent.

That said I learned a good deal from the book and use the value formulating concepts he writes about.

I originally bought both The Intelligent Investor and A Random Walk Down Wallstreet. I have yet to read the Intelligent Investor, primarily because some parts were over my head and I preferred getting a background before returning to the book.

Since then I have completed A Random Walk Down Wallstreet and The Millionaire Next Door and both were valuable reads. I think A Random Walk Down Wallstreet provides a great overview of investments and puts the reality in place for how to invest over a lifetime. The Millionaire Next Door in my opinion reassures the mindset of keeping the course and completing actions such as increasing investments with every raise, in order to stay frugal if you want to become wealthy over time.

Ultimately, both books add value to your outlook on investing overtime. Everyone will take something different from the books, but I have a hard time believing that the MT posters will find reading them a waste of their time.

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Not much strategy involved except buy broad market index funds and DCA over time. Not that there's anything wrong with that, just saying follow that advice and you can skip the book. 

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Agreed. However to me it's much easier to follow that advice when you know why they say that is the best strategy. Someone can tell you to do something, but until you understand their reasoning you'll likely be second-guessing their advice.

This book gave examples of many investment strategies used currently and historically and why when all is said and done they will not beat the market for the long term. And since you most likely will not be able to beat the market, you might as well just invest in the market via low cost index funds.

It was my first financial/investing book to read and I enjoyed it. Gave me more confidence in my strategy.