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A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, by Burton G. Malkiel

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The beta calculation is essentially a comparison between the movements of an individual stock (or portfolio) and the movements of the market as a whole.
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A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
by Burton G. Malkiel
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