{"id":26,"date":"2013-05-04T08:57:59","date_gmt":"2013-05-04T08:57:59","guid":{"rendered":"http:\/\/lippaudio.org\/BookReviews\/?p=26"},"modified":"2013-10-27T04:29:30","modified_gmt":"2013-10-27T04:29:30","slug":"a-random-walk-down-wall-street-burton-c-malkiel","status":"publish","type":"post","link":"https:\/\/lippaudio.org\/BookReviews\/2013\/05\/04\/a-random-walk-down-wall-street-burton-c-malkiel\/","title":{"rendered":"A Random Walk Down Wall Street"},"content":{"rendered":"<p>This book covers a lot of the history of financial markets &#8211;\u00a0covers a lot of the history of finance, from tulip speculation and the East India Trading company, to today\u2019s models. \u00a0Updates in the revised edition include CAPM, its rise as a fad, and its decline when studies by (I believe Fama) showed that its predictions didn\u2019t all hold up.\u00a0 It also covers the Fama-French model.\u00a0 The part I found most interesting about the discussion is that CAPM concludes that no premium should be paid for non-systematic risk because it can be diversified away.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This book covers a lot of the history of financial markets &#8211;\u00a0covers a lot of the history of finance, from tulip speculation and the East India Trading company, to today\u2019s models. \u00a0Updates in the revised edition include CAPM, its rise as a fad, and its decline when studies by (I believe Fama) showed that its &hellip; <a href=\"https:\/\/lippaudio.org\/BookReviews\/2013\/05\/04\/a-random-walk-down-wall-street-burton-c-malkiel\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">A Random Walk Down Wall Street<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[80],"class_list":["post-26","post","type-post","status-publish","format-standard","hentry","category-financial","tag-burton-malkiel"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/posts\/26","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/comments?post=26"}],"version-history":[{"count":3,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/posts\/26\/revisions"}],"predecessor-version":[{"id":146,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/posts\/26\/revisions\/146"}],"wp:attachment":[{"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/media?parent=26"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/categories?post=26"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lippaudio.org\/BookReviews\/wp-json\/wp\/v2\/tags?post=26"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}