Respond to each of the following comments. a. If stock prices follow a random walk, then capital

Question:

Respond to each of the following comments.
a. If stock prices follow a random walk, then capital markets are little different from a casino.
b. A good part of a company’s future prospects are predictable. Given this fact, stock prices can’t possibly follow a random walk.
c. If markets are efficient, you might as well select your by throwing darts at the stock listings in The Wall Street Journal.

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...