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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Kirk © who wrote (8778)9/23/1999 10:55:00 AM
From: MrGreenJeans  Read Replies (2) of 15132
 
Random Walk Down Wall Street

, "A Random Walk Down Wall Street" by Burton Malkiel is "Ask Rande" Spiegelman's suggested first book for an investor to read

The book basically makes the case for the markets being extremely efficient. Ask any successful trader on or off the floor of the exchanges if the markets are efficiently priced and I believe the vast majority would tell you: No.

Further, ask successful traders if they think price movements are random or move in predictable patterns and I believe most would cite the latter.

This is just another perspective one does not hear very often because I believe one needs a deeper understanding of markets to appreciate this opposing view; one that I believe and one that I believe most good traders adhere too. I always thought this book was vastly overrated.

For the professional trader Market Wizards, Parts I and II, by Jack Schwagger are well worth the money.
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