- ONE UP ON WALL STREET KEY POINTS SPARKNOTES HOW TO
- ONE UP ON WALL STREET KEY POINTS SPARKNOTES PROFESSIONAL
This splits the professionals from academics and the “pros” have created their own techniques. When you apply this to the stock market, it means that short-run changes in stock prices cannot be predicted. Random Walk is one in which future steps or directions cannot be predicted on the basis of past actions.
ONE UP ON WALL STREET KEY POINTS SPARKNOTES PROFESSIONAL
His first job was as a Market Professional with one of Wall Street’s leading investment firm, then he became an Economist specializing in securities markets and investment behaviour, and lastly he became as a lifelong investor and successful participant in the market. Professor Malkiel validates his expertise based on an impressive career.
This chapter talks about the qualification of Professor Malkiel as a guide, as well as, about investment and meaning of Random Walk Down Wall Street. Perhaps the way to predict the markets is still elusive, despite efforts made by various people.” – Professor Nerdster Chapter 1: The Guide and His Core Idea: Shit is Random And of course, humans are beholden to a lot of things that we do not fully understand from blood sugar levels to our daily dosage of mainstream media propaganda. Whether it’s the Berlin Wall coming down, or the Enron financial debacle, predicting future events seems like it would be something tough to do.
Perhaps humans are emotional creatures who occasionally act rationally, but only when they aren’t emotionally attached to the decision. The book points out that humans are un-predictable in most instances. “ My initial interpretation of this book is that it further strengthens what I have studied in the social sciences (political science, economics, history).
ONE UP ON WALL STREET KEY POINTS SPARKNOTES HOW TO
Chapter 11: How to Walk down Wall Street now that you know it is random.Chapter 10: The Market is Efficient with Pockets of Inefficiency.Chapter 9: How Modern Portfolio Theory works.Chapter 8: Modern Portfolio Theory is the latest craze and does work for some.Can any Fundamental System Pick Winners?.Chapter 7: Fundamental Analysis is getting closer to the truth but also sucks.Chapter 6: Predicting the Future Using Charts is not too smart….Chapter 5: The Weak, Semi Strong and Strong forms of Efficiency.Chapter 4: Four Determinants that Affect Share Price.Chapter 3: Stock Valuation has been Bullshit for a long time.Chapter 2: History Gets Repeated in New Ways All the Time.Chapter 1: The Guide and His Core Idea: Shit is Random.