Burton G. Malkiel
Stop trying to beat the stock market and start building real wealth. By understanding the random nature of stock prices, you can use simple strategies to secure your financial future.
The stock market is highly efficient and asset prices move unpredictably, making it nearly impossible to consistently outsmart the market.
Both fundamental and technical analysis fail to provide a reliable edge for active stock traders over the long run.
Speculative bubbles occur frequently when investors abandon rational valuation for psychological hype, so you must always avoid following the crowd.