MALKIEL, Burton G.
A Random Walk Down Wall Street.
New York: W.W. Norton & Company , 1973.
$2,800.00
Out of Stock
Item Number: RRB-99232
+$450
"Portfolio betas from the past do a reasonably good job of predicting relative volatility in the future": First Edition of Burton Malkiel's A Random Walk Down Wall Street; Lengthily Signed by Him
First edition of this classic work. Octavo, original cloth. Signed by the author on the front free endpaper as follows, "Portfolio betas from the past do a reasonably good job of predicting relative volatility in the future. Burt Malkiel." Fine in a near fine dust jacket. Jacket design by Jay J. Smith. Housed in a custom half morocco clamshell box.
Malkiel's work originally published in 1973 popularized the random walk hypothesis. In it he argues that asset prices typically exhibit signs of random walk and that one cannot consistently outperform market averages. The book is frequently cited by those in favor of the efficient-market hypothesis. As of 2019, there have been twelve editions and over 1.5 million copies sold.
A Random Walk Down Wall Street.
$2,800.00
Out of Stock
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