Random walk theory proposes that stock prices move unpredictably, making it impossible to predict future movements based ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the author of A Random Walk Down Wall Street With the US presidential election upon us and a ...
but it gained widespread recognition in 1973 with the publication of Burton Malkiel’s book "A Random Walk Down Wall Street." In the book, Malkiel expanded on the idea that stock prices are ...