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Powerful indictment of capital markets

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1. The random-walk theory implies that investing in stocks is like playing roulette and is a powerful indictment of our capital markets.

2. If everyone believes you can make money by charting stock prices, then price changes won't be random.

3. The random-walk theory implies that events are random, but many events are not unexpected. If it rains today, there's a fair bet it will rain again tomorrow.

Write 250-300 words on the above topics with references and examples.

Reference no: EM133233544

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