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To: At_The_Ask who wrote (148148)2/3/2002 10:59:36 PM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
Maybe you didn't understand the second part of my statement, bounded by expectations.

Random walk and the efficient market thesis are the two single most misunderstood market concepts anywhere on the planet judging from the arguments I've seen posted in dispute of them.



To: At_The_Ask who wrote (148148)2/3/2002 11:10:15 PM
From: Siddhartha Gautama  Read Replies (1) | Respond to of 436258
 
the king cobra is his "A Random Walk Down Wall Street". i once touched it and it took me a full year to work the venom off my system -ng-



To: At_The_Ask who wrote (148148)2/4/2002 8:17:56 AM
From: Tommaso  Respond to of 436258
 
yes, I think Malkiel goofed in that book. He was so terribly right on the US stock market back in the early 1980s, much less so in the 1990s, and just plain wrong in a lot of that book. I bought it and read it but fortunately did not follow his advice except for a fairly shhort and profitable ride on the Korean market. And then I was listening more to Templeton than to Malkiel.

But Malkiel made me a pile of money in the 1980s.


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