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I recommend that you read the book "A Random Walk Down Wallstreet" before you invest in individual stocks. The book argues that you will be better off investing in broad index funds.

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And after that, read Mandelbrot's "Misbehavior of Markets" to understand the limitations of the random walk model.

What are the limitations described by Mandelbrot? Does Mandelbrot show that active investing produces better returns than passive investing?

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