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A Year Like No Other
As we reflect on 2017, it is tempting to focus on events that probably had little impact on the markets or the global economy – because it really was a year like no other.

In the past 12 months, we faced new nuclear fears from North Korea; debated whether NFL players shoul...

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A Random Walk Down Wall Street
In 1973, Princeton professor Burton Malkiel wrote A Random Walk Down Wall Street, an influential stock market book that put forth a financial theory (the random walk hypothesis) that stated stock market prices follow a path that consists of a succession of random st...

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