The money gameRandom House, 1968 - 302 pages |
From inside the book
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Page 147
Adam Smith. 11 : WHAT THE HELL IS A RANDOM WALK ? harting is as old as papyrus ; the " random - walk " thesis has ancient origins but , properly worked out , is as new as computers . Charting seeks to find some order in what has happened ...
Adam Smith. 11 : WHAT THE HELL IS A RANDOM WALK ? harting is as old as papyrus ; the " random - walk " thesis has ancient origins but , properly worked out , is as new as computers . Charting seeks to find some order in what has happened ...
Page 149
... random walk seriously , everybody had better gird up , because if the ran- dom walk is indeed Truth , then all charts and most invest- ment advice have the value of zero , and that is going to affect the rules of the Game ... Random Walk ?
... random walk seriously , everybody had better gird up , because if the ran- dom walk is indeed Truth , then all charts and most invest- ment advice have the value of zero , and that is going to affect the rules of the Game ... Random Walk ?
Page 156
... Random walkers do not unanimously insist that the market is a random walk . It is not a random walk , some of them admit , only because the market strays from the “ per- fect " or the " efficient " ; in short , there are people in it ...
... Random walkers do not unanimously insist that the market is a random walk . It is not a random walk , some of them admit , only because the market strays from the “ per- fect " or the " efficient " ; in short , there are people in it ...
Contents
2 Mister Johnsons Reading List | 15 |
3 Can Ink Blots Tell You Whether You Are | 33 |
4 Is the Market Really a Crowd? | 43 |
Copyright | |
15 other sections not shown
Common terms and phrases
Adam Smith adding machine Airlines Albert says anyway asked bank bear market believe better bought broker called capital cents Charley says chart Chartists cocoa Comsat couple crowd Digital Datawhack earnings emotional feel fifty fund managers Ghana Gnome of Zurich goes going gold growth gunslingers happened Harry's hedge fund hundred idea investment investors Irwin Keynes look lunch Marvin mass psychology million dollars Mister Johnson Motorola move never Norman Brown ounces paper percent play players Polaroid Poor Grenville portfolio manager problems profits psychiatrist random walk Robert Scarsdale security analysts sell Sidney silver smart sold Solitron speculators stock market talk tape tell thing thousand tion trading Treasury trying Uncle Harry Wall Street wanted to know Winfield Xerox York Stock Exchange Zilch