A Random Walk Down Wall Street

There are complexities that many people believe that if you walk on Wall Street randomly, there is little chance that individual investors will compete with professional brokers or investment companies. But Markiel stated that this is a big misunderstanding, as he explains in the book "Walk on Wall Street". What does random walk mean? Random walk means that the stock market "can not predict short-term fluctuations in stock price". So, how does a reasonable investor decide which shares to buy for maximum return?

Wall Street Random Walk: How Burton G. Malkiel imposes irrational investor guessing ideas and actions on new products and investment in market development and the economy. Every time a new item or excitement appears in the market there will be irrational consumerism like the Internet era, credit / default swap, even even the current crypto currency. "From the portfolio theory point of view, when comparing (encryption currency) with traditional currencies, the market performance of the crypto currency is now meaningless, it is like a smaller stock or goods.Cryptographic currency and ICO As an investment, it is meaningful as a financial asset like an asset, it makes no sense to use it as a medium for investing in others. "

Introduction of "Malkill Random Walk in Wall Street" If you are a new investor who is interested in your investment history or is investing in your investment history, please purchase a book by Burton G. Malkiel. This book is for experienced investors who want to understand investment skills and theoretical knowledge. There are not many books on investment.

In Barton G. Marquier's excellent book "Random Walk at Wall Street: Proven and Successful Investment Strategy", he experienced some of the most dramatic market crashes in history, popular psychology and tribes The principle brought about the same result. also. Reading this book in the context of today's cryptographic currency market makes it hard to ignore this terrible similarity. This strategy is known as the air theory castle created by famous economist John Maynard Keynes. Mr. Markiel can be described as "a bigger fool theory." As long as others are willing to pay more, they will be stupid every minute. There is no reason, only public psychology. "