A Random Walk Down Wall Street by Burton G. Malkiel
In this new edition of this guide to financial theory, the author takes a shrewd look at the high-tech boom and its aftermath, and shows how to maximise gains and minimise losses in this era of electronic brokers, virtual gurus and investment vehicles. He explains how to analyze the potential returns for the full range of investment trusts to insurance, home owning and tangible assets. He shows how to decode the rating game for mutual funds and discover the advantages of indexed unit trusts over the side range of riskier alternatives.