Burton Malkiel presents the idea that stock prices are essentially random, making it impossible to predict short-term movements. The book advocates for long-term investing in low-cost index funds and explains why trying to beat the market is a losing game for most investors. Malkiel’s insights have shaped the modern approach to passive investing. *A Random Walk Down Wall Street* is a key read for anyone looking to understand efficient market theory and the benefits of index investing.

https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393358380