Random Walk Down Wall Street
Burton G Malkiel, the author of A Random Walk Down Wall Street, gives me the reader an easy way understand information about personal investing in today's stock market. The book is divided into four parts: Stocks and their values, the new investment technology, a practical guide for random walkers and other investors, and how the pros play the biggest game in town. This book reflects on many different aspects for a individual on what are the best ways for that person to invest their money. The title of this book means to me that one person is not able to predict the future value of a stock by looking at the history of what it has done
Someone in chicago would pay a lot more for an umbrella than someone in the Sahara desert. For what reason would I do this, I find this stupid and ridiculous. the only value a stock has is what people are willing to pay for it, According to this theory. Why would I Looking at the past trends to predict the future trends. I agree with this, but the technical analysis I do not understand completely. Therefore, in this new revision, Malkiel reflects on his theory that the market is impossible to beat whether one is an expert or not. His knew theory now states that it might be possible to beat the market due to surtin techniques of stock selection. This theory states that no stock has intrinsic value. A Random Walk Down Wall Street was in my opinion was a pretty good book. This book gives you the general guidelines in becoming a smart investor on Wall Street. I am not sure how to state this but I will try, Trends are set by the environment that surrounds it I understand, but isn't the environment under constant change, so in my opinion how could the past predict the future stock to rise. The fundamental analysis, is more random than any other if you really think about it. There were parts of the book that I had trouble grasping some of his concepts.
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