This book is very easy to follow and explains lots of concepts critical to understanding the stock market. Concepts like: program trading, diversification, mutual funds, risk analysis, random walk theory, how "baskets of stocks" are constructed, hedging - including index future sales, greater fool theory, and much more.What happened in the stock market "break" of black monday in 1987? Is program trading actually to blame for increased volatility in the markets? How and why are baskets of stocks traded? Why is it so difficult for fund managers to consistently beat the market? Can anyone expect to consistently beat the market? This book gives well documented answers to these questions and many others.
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