A Random Walk Down Wall Street
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Author | Burton Malkiel |
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Language | English |
Genre(s) | Finance |
Publisher | W. W. Norton & Company, Inc. |
Released | 2007 |
Pages | 456 |
ISBN | ISBN 0393062457 |
A Random Walk Down Wall Street, written by Burton Malkiel, a Princeton economist, is an influential book on the subject of stock markets. Malkiel argues that asset prices typically exhibit signs of random walk and that one can not consistently outperform market averages. The book is frequently cited by those in favor of the efficient market hypothesis.