Skilled at puncturing financial bubbles and other delusions of the wall street crowd, burton malkiel year in and year out the best investing guide money can buy, this enhanced edition includes an @inproceedings{malkiel1999arw, title={a random walk down wall street :
A Random Walk Down Wall Street Latest Edition. A market that fails to rationally value companies for. On wall street, the term random walk is an obscenity.
Interview: Burton Malkiel, Author Of 'A Random Walk Down ... from media.npr.org
Technical analysis is mostly bogus, while fundamental analysis is based on actual data, but still poor. Markets occasionally can be irrational. as malkiel points out, the market acted irrationally for years by over valuing internet stocks during the late 1990's. The message of the original edition was a very simple one:
Basically the central thesis of a random walk down wall street is that stocks move in a random pattern which cannot be predicted.
The latest version of random walk down wall street is currently unknown. From early march 1928 through early september 1929, the market's percentage 3. I acquired the kindle version given that i'm overseas, however after reading this i'm getting a hard copy also. 97%(33)97% found this document useful (33 votes).
