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A Random Walk Down Wall Street
by Burton G. Malkiel
The Time-Tested Strategy for Successful Investing
Finance
2019
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To estimate the proper value of a stock, you could use the 4 determinants a fundamentalist does: 1) The expected growth rate. 2) The expected dividend payout. 3) The degree of risk. 4) The level of market interest rates.
— Burton G. Malkiel, A Random Walk Down Wall Street