The Money Game
Vintage Books, 1976 - 253 páginas
"This is a modern classic." —Paul A. Samuelson, First American Nobel Prize Winner in Economics
"The best book there is about the stock market and all that goes with it." —The New York Times Book Review
"Anyone whose orientation is toward where the action is, where the happenings happen, should buy a copy of The Money Game and read it with due diligence." —Book World
" 'Adam Smith' is a veteran observer and commentator on the events and people of Wall Street.... His thorough knowledge of financial affairs gives his observations a great degree of authenticity. But the joy of reading this book comes from his delightful sense of humor. He is a lively and ingeniously witty writer who never stoops to acerbity. None of the solemn, sacred cows of Wall Street escapes debunking." —Library Journal
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IS A RANDOM WALK? Charting 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; the random-walk thesis
Fifty-fifty either way. “If the random-walk model is a valid description of reality,"
says Professor Fama, “the work of the chartist, like that of the astrologer, is of no
real value." The random-walk fellows seem particularly out to get the Chartists.
It is a cold, austere world, the world of the random walk, and a negative one. The
random walkers do believe in the intrinsic value of a stock, but they have not
much help for us on that because a stock only sells for its intrinsic value—
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LibraryThing ReviewCrítica de los usuarios - carterchristian1 - LibraryThing
What is remarkable about this book is how ie speaks to the issues that led to the meltdown of 2007 and 2008. The missage is sim;ple.. Beware.Many of the Amazon nreviewers commented on how the book is a pleasure to read. It it. there is humor as well as advice. Leer comentario completo
Preface to the Vintage Edition
Can Footprints Predict the Future?
What the Hell Is a Random Walk?
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