Tags » Random Walk

Random Walk, Gambler’s Fallacy and Gambler’s Ruin

Burton Malkiel has written a book called “A Random Walk Down Wall Street” in which he proposes that in efficient market past trend of share prices cannot be used to predict future price. 293 more words

Newt's fantasy article on Fox News

Newt wrote another bit of fiction.

The country is divided as never before, but that’s where Newt’s analogy between Trump and  President Lincoln ends. Lincoln was self-made, well-educated, and articulate. 773 more words


A Random Walk Down Baltimore's Triangle of Death 

Source: StockBoardAsset.com

As of Tuesday, 129 citizens in Baltimore City, Maryland have been murdered, including nine in the recent week. Baltimore City’s homicide rate is now ranked number one in the United States surpassing cities, such as New Orleans, St. 320 more words

Financial/Societal Collapse And Dependence

6 May 2017 (AFR) - Passive investing is lobotomised investing

(6 May 2017, AFR, p25, by Christopher Joye)

‘Buying a “passive” or “indexed” fund is lobotomised investing, predicated on the beliefs that the market is smarter than you are, investors are systematically rational, assets are always properly valued as prices move in an unpredictable “random walk” and, finally, one has no ability to identify those “active” managers that do consistently beat benchmarks. 271 more words

8.Was Sticky

The Physics of Wall Street, by James Owen Weatherall

Physics needs math, so does Finance. Then no wonder some curious physicists began to create math models of financial markets in the 19th Century, only to find the task more difficult than imagined. 954 more words


The Undoing Project

I recently completed reading this fabulous book, generally I try to review the book, but this time I have shared some quotes from the book… 1,161 more words

Behavioral Finance