Some commentators argue that stock prices follow a random walk. By this they mean that changes in

Question:

Some commentators argue that stock prices “follow a random walk.” By this they mean that changes in stock prices in the future are not predictable, so no one can earn an abnormal return. Would stock prices follow a random walk if all investors were fundamental investors who use all available information to price and agreed on the implications of that information?

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...