New Delhi, May 15 -- Burton Malkiel's, 'A Random Walk Down Wall Street' remains an enduring and must read book for both seasoned investors and new investors.

First published in 1973, the book provides timeless insights and words of wisdom that still remain highly significant in today's dynamic global markets. Here are seven lessons from this book every smart investor should recall while making investment decisions:

Malkiel's core thesis is that markets clearly reflect all available information. He even stated that, "A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts."

This means it is a given that inefficiencies and shortcomings e...