>WALK DOWN
For investors, the random walk theory, popularized by Princeton University Economics Professor Burton Malkiel in his book “A Random Walk Down Wall Street,” maintains that a share price, which is the variable, moves seemingly at random, akin to how a drunk person might walk down the street.Jan 6, 2020
https://smartasset.com/financial-advisor/a-random-walk-down-wall-street#:~:text=For%20investors%2C%20the%20random%20walk,might%20walk%20down%20the%20street.
> Malkiel in his book “A Random Walk Down Wall Street,”
https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street
A Random Walk Down Wall Street, written by Burton Gordon Malkiel, a Princeton economist, is a book on the subject of stock markets which popularized the random walk hypothesis. Malkiel argues that asset prices typically exhibit signs of a 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 2020, there have been twelve editions and over 1.5 million copies sold.[1] A practical popularization is The Random Walk Guide to Investing: Ten Rules for Financial Success.[2]