Costel’s Reviews > A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy > Status Update

While I have argued, and I hope persuasively, that you can never judge the exact intrinsic value of a stock, many analysts feel that you can roughly gauge when a stock seems to be reasonably priced.

A short sale is the sale of stock you don’t own in the hopes of profiting by buying it back at a cheaper price later.

The book remains fundamentally a readable investment guide for individual investors. It stresses the importance of regular savings and investing in index funds as the only reliable way to build wealth.

As the well-known Wall Street maxim puts it: When you are sure you have the keys to beating the market, they change the locks.

In my view, the most compelling evidence that our stock markets are extremely efficient is that they are extraordinarily hard to beat.

In an efficient market, there are no possibilities for earning extraordinary gains without taking on extraordinary risks.