A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing

by Burton G. Malkiel

A professor who espouses the EMH is walking along the street with a graduate student. The student spots a $100 bill lying on the ground and stoops to pick it up. “Don’t bother to try to pick it up,” says the professor. “If it was really a $100 bill, it wouldn’t be there.”