One of the best documented propositions in the field of finance is that, on average, investors have received higher rates of return on in- vestment securities for bearing greater risk. This paper looks at the historical evidence regarding risk and return, explains the fundamentals of portfolio...

This paper analyzes the effects of the federal tax structure on corporate financial and investment behavior. We first develop a model of corporate behavior given taxes, taking into account both uncertainty and costs of bankruptcy. Simpler models abstracting from bankruptcy costs had clear...

It is no secret that China has the world's fastest-growing economy. The trick is how average investors can tap into the opportunities it affords. Investment adviser Malkiel explains why and how the Chinese economy is poised for significant gains in the near future. He highlights not only Chinese...

John G. Cragg and Burton G. Malkiel collected detailed forecasts of professional investors concerning the growth of 175 companies and use this information to examine the impact of such forecasts on the market evaluations of the companies and to test and extend traditional models of how stock...

Cover Page -- Title Page -- Copyright Page -- Contents -- Preface to Anniversary Edition -- Foreword to Original Edition -- Foreword to the Anniversary Edition -- Introduction -- It All Starts with Saving -- I. Save -- First Do No Harm -- Start Saving Early: Time Is Money -- The Amazing Rule of...