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Historical data may not predict future market performance from "summary" of A Random Walk Down Wall Street by Burton Gordon Malkiel
Market analysts often rely on historical data to make predictions about future market performance. They believe that by studying past trends and patterns, they can gain insight into what might happen in the future. However, this is not always the case. The stock market is a complex and unpredictable system, influenced by a multitude of factors that can change in an instant. Just because something happened in the past does not mean it will happen again in the future. The stock market is inherently random and unpredictable, making it difficult to accurately forecast future performance based on historical data alone. Whil...
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