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LEGAL TERMS DIRECTORY
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z Random Walk TheoryAn investment theory that states that market prices follow a random path and are unpredictable. It supposes that market is efficient and that any strategy that works will be soon discovered and made unprofitable. "A Random Walk Down Wall Street," written by Burton Malkiel in 1973, states that technical and fundamental analysis are a waste of time and that large transaction costs will outweigh any profits. Welcome to our Legal Directory
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