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Old 10-15-2020, 04:34 AM   #1
Actor
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Random Walk

A certain poster on PA has the following as his signature:

"Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru"

A Random Walk Down Wall Street(1973) by Burton Gordon Malkiel disagrees with this statement. I have taken the random walk theory to heart and have limited my investments to index funds.

I think it was Barrons who tested Malkiel's ideas with what the called the Dart Fund. No actual investments were made but a fictitious portfolio of stocks was selected by throwing darts at the Wall Street Journal. As I recall the fund did well but eventually, due to splits, mergers, etc., it became to complex to manage.

At one time I thought of writing a book to be titled You Don't Have to Beat the Market. I never did because I'm not an economist nor a super-successful investor, ergo, my book would never sell.
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Old 10-24-2020, 12:33 AM   #2
crestridge
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Try reading, "Market Wizards", Jack Schwager, or "Alchemy of Finance" by the famous, George Soros

Last edited by crestridge; 10-24-2020 at 12:38 AM.
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Old 10-24-2020, 04:31 PM   #3
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Originally Posted by crestridge View Post
Actor

Try reading, "Market Wizards", Jack Schwager, or "Alchemy of Finance" by the famous, George Soros
Thanks for the recommendations. I'll check into them.
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