1/22 Is the movement of the market a random walk? I planned to read
the book that says yes, but googled a more recent book that says no.
So which one is right and which/where I should start reading?
\_ What is random? -- ilyas
\_ What, are you playing jeopardy or something?
\_ Are you op?
\_ The answer was:
The type of men that Yermom would pick off the street.
\_ Yes. You're probably talking about A Random Walk Down Wall Street
by Burton G. Malkiel. If that's not the book you were planning to
read, it should be. What it really describes is something called
The Efficient Markets Theory which can be summed up as the current
price of a stock or security incorporates all presently available
information. Consequently, you cannot reliable predict prices and
beat the market by somehow properly timing when you buy and sell.
-dans
\- Still a classic:
Boredcast Message from 'peterm': Wed Jan 8 17:37:16 1997
You also recommended "A random walk down wall street" ...
\_ what calendar are you using? 1/22?
\_ Holy shit. 8 years ago! --PeterM
\_ Yeah I was referring to that book, but I also googled a more
recent book titled A not so random walk down wall street, from
PUP. I wonder if that means the old theory has been debunked -op
\_ The Efficient Markets Theory is undercut by all the
recent insider trading scandals. |
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