I recently had the chance to reread A Random Walk Down Wall Street by Burton Malkiel as part of a work-related book club.
Having read the book in a business school class very early in my career, I promptly ignored its advice and became a securities analyst (a profession about which he makes a few disparaging remarks!) charged with analyzing companies and making buy-and-sell recommendations. I was guilty of most of the shortcomings Dr. Malkiel points to (for example, trying to pick winners), but at least I got to visit an oil rig in the Gulf of Mexico. Read more »