Random Walk One in which future steps or directions cannot be predicted on the basis of past history Around late last year, I sat down with my first ever book on investing/finance: A Random Walk Down Wall Street. I didn't know what to expect then. At its core, the book says you should just buy index funds and make it the core of your portfolio, manage it passively. Of course, then buy some individual stocks if you want the excitement. In other topics which stood out the most to me, The Fitness Manual presents exercises such as: You must start to save and start early, build reserves and insure yourself, be competitive with your reserves, make use of tax relief by putting money in retirement plans, understanding your investment objectives with a sleeping scale. The Life Cycle Guide presents how you can assess your risk based on ......