I agree with a lot of what has been said above about the technological level of a Randall knife. But sometimes "Classic" is exactly what a person wants, or even needs. Randall Made Knives is making a few of their knives in ATS-34 now. I have several in 440-B and find it an acceptable steel. I also have a couple in 01.
A thing in their favor is they have so many models to choose from and so many options that can be applied to most of their knives that your imagination is all that holds you back from designing your own knife. I've bought about 25 Randall's in the past and have kept about 6 or 7, giving some to family and selling some. I've had fun designing them, and if I don't like my design, I sell it. They hold their value well. I've never lost money on a sale, partly because there is a wait for one from the factory, and some people are willing to pay to have one now. I don't believe the wait is over two years, though. They have kept a steady 12-13 month wait schedule and I haven't seen it rise yet, call them for the current schedule.
Also, if you want one in less than the 12 month wait, call a dealer. They have some on hand and can usually order you one in 3-6 months because they have a constant monthly order and can alter their requirements 3 months out. Here are some other dealers besides Tom Clinton--who I have also purchased from:
Doug Kenefick (860) 774-8929
Greg Gutcher (813) 236-8791 He also makes all the sheaths for Randall! He can do a custom sheath for just a little bit more!
Jack Crider (614)276-6060
There is a propensity to overlook a classic knife rather than the highest technology knife we can find, thinking that elevated technology will somehow elevate our skills. This happens but usually only for the already accomplished user. I can buy skiis and an off road motorcycle that have capability far above my skill level, and although using these highly capable tools may raise my skills some, we know skill is not imparted solely by the tools used. Sometimes good technology is exactly what we need, and great technology will not help one bit more.
Les above has often referred to his experience of seeing a Randall #14 break and his Brend not break at the Northern Warefare Training Center. No doubt this happened, but statistically, I would have a better picture of the reliability of both types of knives if 30 Randalls and 30 Brends were used, repeatedly doing the same tasks. One versus one is not a statistically sound argument, only an observation. I've been to the NWTC also (near Delta Junction, Alaska) and my Vistorinox Swiss Army Knife did not break! This is not a poke in the eye for Les, this is his experience, which is valuable. But it isn't statistically sound for comparison. In fact, there is probably more known about the durability of Randall knives than most "customs" because there have been so many more made and used.
So buy a Randall if you want, or not, but you should at least get a catalog and decide for yourself if they are the knives for you.
Bruce Woodbury