Burton Malkiel Quotes
Burton Malkiel is an American economist, author, and investor. He is best known for his 1973 book A Random Walk Down Wall Street, which popularized the efficient-market hypothesis. Malkiel has also written several other books on investing, including The Elements of Investing, The Random Walk Guide t…Read More
Burton Malkiel is an American economist, author, and investor. He is best known for his 1973 book A Random Walk Down Wall Street, which popularized the efficient-market hypothesis. Malkiel has also written several other books on investing, including The Elements of Investing, The Random Walk Guide to Investing, and The Random Walk Guide to Investing in ETFs. He is a professor emeritus of economics at Princeton University and a former member of the Council of Economic Advisers. He is also a director of the Vanguard Group and a member of the board of directors of the Nasdaq Stock Market.Read Less
Burton Malkiel is an American economist, author, and investor. He is best known for his 1973 book A Random Walk Down Wall Street, which popularized the efficient-market hypothesis. Malkiel has also written several other books on investing, including The Elements of Investing, The Random Walk Guide to Investing, and The Random Walk Guide to Investing in ETFs. He is a professor emeritus of economics at Princeton University and a former member of the Council of Economic Advisers. He is also a director of the Vanguard Group and a member of the board of directors of the Nasdaq Stock Market.
Burton Malkiel Career Highlights
- Burton Malkiel is an American economist, writer, and professor.
- He is best known for his book “A Random Walk Down Wall Street,” which has sold over 1.5 million copies.
- Malkiel is a professor of economics at Princeton University, where he has been teaching since 1988.
- He has also served as a member of the Council of Economic Advisers under President Gerald Ford.
- Malkiel is a member of the board of directors of the Vanguard Group, one of the world’s largest investment management companies.
Key Contributions by Burton Malkiel
- Malkiel’s book “A Random Walk Down Wall Street” is considered a classic in the field of investing.
- He is a strong advocate for the efficient market hypothesis, which states that stock prices reflect all available information and are therefore impossible to consistently beat through active management.
- Malkiel’s research has also focused on the performance of mutual funds and the impact of fees on investment returns.
- He has been a vocal critic of high fees and actively managed funds, advocating for low-cost index funds as a better investment option for most individuals.
What Sets Burton Malkiel Apart
- Malkiel’s work has had a significant impact on the field of investing, challenging traditional beliefs and promoting a more evidence-based approach.
- He is known for his ability to explain complex economic concepts in a clear and accessible manner, making his work accessible to a wide audience.
- Malkiel’s career has spanned both academia and the financial industry, giving him a unique perspective on the intersection of theory and practice in investing.
Takeaways
- Burton Malkiel’s work has had a lasting impact on the field of investing, challenging traditional beliefs and promoting a more evidence-based approach.
- His book “A Random Walk Down Wall Street” is a must-read for anyone interested in understanding the principles of investing.
- Malkiel’s advocacy for low-cost index funds has helped many individuals achieve better investment returns and avoid high fees.
- His career serves as a reminder of the importance of evidence-based research and critical thinking in the world of finance.
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