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This is a great essay! I highly recommend "A Random walk down wall street" to anyone thinking about investing.

• Tichy 19y ago
  The thing that confused me about Random Walk down wall street was that he spends the whole book explaining that all strategies for investing are useless, and then in the last chapter he gives out advice for investing.
  • pchristensen 19y ago
    I think he included that because some people just won't listen and they really really want to pick stocks instead of invest in index funds. I think he had to acknowledge that those people exist, but try to mitigate that desire by writing the first 400 pages about sensible investing.
  • akkartik 19y ago
    Wasn't the gist of his advice to not try to predict prices and instead just invest in index funds? That fits in perfectly with the rest of the book.