A Random Walk Down Wall Street Keypoints Chapters 1 & 2 A. Random walk is a movement in which future steps or directions cannot be predicted. Applying random walk theory to stock market simply means short run gains/loses in stock prices cannot be predicted. Hence, advisory services, earnings predictions, and forecast analysis are obsolete, not to mention, costly. Eliminate the middlemen! B. Malkiel promotes “The Get Rich Slowly but Surely” method that advises investors to stay even, …showed first 75 words of 1071 total…

…showed last 75 words of 1071 total…run patterns but eventually they do change. H. Stocks are affected by month, year, day of the week, as well as season. I. High dividends usually mean high returns. **NOTE** Chapters 11 through 14 were not included in this outline because I felt that they didn’t have much to do with the purpose of this outline. They focus on how-to- invest as opposed to teaching the reader what investing actually is and the dynamics behind it.