Cobb bids farewell to Fred:
Finished A Random Walk on Wall Street tonight. Bottom line: if you're looking for something more serious and thorough in its treatment of various investment strategies than The Motley Fool Investment Guide, this is probably the book you want. Where the MFIG concentrates mainly on avoiding the traps and helping you get started in the stock market, Malkiel's book has more to say about other investment vehicles (bonds, cash, etc.) and where those belong in your diversified portfolio. For example, most of you reading this are considerably younger than I am and can stand more risk in your portfolios since you have more time until retirement for the risk to pay off or be mediated by the other, less risky parts of your portfolio. Recommended.
Currently reading: Flashman and the Angel of the Lord.