How Long to Read A Non-Random Walk Down Wall Street

How Long Does it Take to Read A Non-Random Walk Down Wall Street?

It takes the average reader 7 hours and 45 minutes to read A Non-Random Walk Down Wall Street by Andrew W. Lo

Assuming a reading speed of 250 words per minute. Learn more

Description

For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities and evaluating their statistical and economic significance, and offers a tantalizing glimpse into the financial technologies of the future. The articles track the exciting course of Lo and MacKinlay's research on the predictability of stock prices from their early work on rejecting random walks in short-horizon returns to their analysis of long-term memory in stock market prices. A particular highlight is their now-famous inquiry into the pitfalls of "data-snooping biases" that have arisen from the widespread use of the same historical databases for discovering anomalies and developing seemingly profitable investment strategies. This book invites scholars to reconsider the Random Walk Hypothesis, and, by carefully documenting the presence of predictable components in the stock market, also directs investment professionals toward superior long-term investment returns through disciplined active investment management.

How long is A Non-Random Walk Down Wall Street?

A Non-Random Walk Down Wall Street by Andrew W. Lo is 449 pages long, and a total of 116,291 words.

This makes it 152% the length of the average book. It also has 142% more words than the average book.

How Long Does it Take to Read A Non-Random Walk Down Wall Street Aloud?

The average oral reading speed is 183 words per minute. This means it takes 10 hours and 35 minutes to read A Non-Random Walk Down Wall Street aloud.

What Reading Level is A Non-Random Walk Down Wall Street?

A Non-Random Walk Down Wall Street is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy A Non-Random Walk Down Wall Street?

A Non-Random Walk Down Wall Street by Andrew W. Lo is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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