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Title: Malkiel's basic premise has been demonstrated FALSE!
Review: It's tough to say anything nice about an author who wrote a book 20 years ago with a false premise who has updated the book without revising the fundamental thrust. The stock market, and other financial markets, are not random: they are chaotic. The difference is significant and profitable. I know, both theoretically (schooled as a mathematician) and practically (trading successfully, as I do, is impossible in a negative sum game, which the market is, unless the market is chaotic rather than random).
