Inscribed first edition, association copy, of this Princeton economist's hugely influential introduction to the stock market — presented to investor, businessman, and fellow economist Andrew Rudd.
Near fine in a near fine jacket.
Price: $5,500.00
"Yes, history does tend to repeat itself in the stock market, but in an infinitely surprising variety of ways that confound any attempts to profit from a knowledge of past price patterns."
Malkiel's RANDOM WALK popularized the idea that individuals building their own portfolios can't outperform the stock market as a whole. In doing so, the book paved the way for the enormous growth of index funds over the last fifty years. The book has been wildly popular and influential, going through more than ten editions.
This copy is inscribed to Andrew Rudd, longtime executive at BARRA, venture capitalist, and faculty member in finance at both Cornell and UC Berkeley. He published widely on financial topics (especially risk and allocation management, topics on which Malkiel and RANDOM WALK would have undoubtedly had an influence) and was the author of two books: MODERN PORTFOLIO THEORY: The Principles of Investment Management (1982) and OPTION PRICING (1983). Signed examples of RANDOM WALK are increasingly uncommon, and true associations, scarce. An excellent copy of this finance classic.
First edition. New York: W.W. Norton & Company, (1973). 8.25'' x 5.5''. Original green cloth. In original unclipped ($7.95) dust jacket, designed by Jay J. Smith. 28, [1] pages. Inscribed by Malkiel on the front free endpaper: "For Andrew Rudd / with my best / wishes / Burt Malkiel." Jacket spine a little sunned. Jacket laminate creased as usual, a production error common to this title, but this example decidedly better than most examples we've seen. Some minor foxing to page edges. Some fading to extremities of cloth. Else, bright and sharp.
We work hard to meet our ethical responsibility to describe our material accurately. All items are guaranteed as described and may be returned for any reason within 30 days. Please notify us before mailing a return.
We guarantee the authenticity of our items. All materials are original (meaning not facsimiles or reproductions) unless otherwise noted. First editions (meaning first edition, first printing) are explicitly stated. TPM is a member of the Antiquarian Booksellers Association of America and upholds their Code of Ethics.
All photographs are of the actual item for sale. We're happy to provide additional images on request.
All domestic orders ship gratis. For orders under $250, free USPS media mail shipping is included; orders $250 and over ship USPS Ground Advantage. International orders over $1000 also ship gratis. Expedited, overnight, as well as other carriers (UPS, Fed-Ex, etc.), may carry additional costs beyond quoted rates. All orders receive tracking information and a direct contact in case of any questions.
International buyers are responsible for any customs, taxes, and related import fees. Please note that we are unable to accomodate requests to misrepresent, misdeclare, or otherwise falsify customs documents when shipping internationally. We appreciate your understanding.
We accept all major credit cards, Paypal, Venmo, check, money order, and bank wire. We are happy to bill institutional buyers' needs. Sales tax will be added to applicable purchases. Items subject to prior sale.
If for any reason you are dissatisfied with your purchase, please contact us. We prioritize our long-term relationships far above any individual purchase, and we want you to love your item as much as we loved cataloguing it.
Type Punch Matrix is a Washington D.C.-area rare book firm founded by Rebecca Romney and Brian Cassidy.
Read more about TPM.
