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Title: Sensible
Review: Straightforward and sensible. Mr. Malkiel is one of those rare individuals who is able to convey complex mathematical and theoretical ideas in language that is elegant and accessible to a literate (but lay) reader. One need not have a background in statistics to understand his arguments about the overall mediocrity of fund managers, and one need not have a background in the mathematics of calculus and time value to understand his explanation of derivatives. Though the book requires concentration (it is not, say, Danielle Steele) those with the interest and cognitive ability will do well to read this book.
