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Investing basics1973

A Random Walk Down Wall Street

Burton G. Malkiel

Introduces efficient markets, asset bubbles, and why many investors are better served by passive strategies.

Author

Burton G. Malkiel is the author of `A Random Walk Down Wall Street`. The book reflects an approach centered on how to understand the business before the ticker and separate market price from economic value.

Evaluate the framework separately from the author's reputation, and test each recommendation in the current context.