Random Walk Down Wall Street

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.