The premise of the random-walk theory is that the STOCK MARKET’s past movement cannot predict its future movement. The direction that a stock price will take cannot be determined by its past price history. In other words, the rise and fall of the stock market is completely random, so it is impossible to outperform the market on a consistent basis by predicting how it will perform.

The Racketeer Influenced and Corrupt Organization Act, passed as part of the Organized Crime Control Act of 1970 and better known as RICO, was intended to control the activities and influence of mobsters and drug traffickers in legitimate businesses.