Burton Malkiel’s Investment StrategyRead More »
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Burton Malkiel’s Investment Strategy
Views: 525 Burton Malkiel, a well-known economist and author of the classic investment book “A Random Walk Down Wall Street,” has long been a proponent of a passive investment strategy. His approach is based on the idea that trying to beat the market through active management is a fool’s errand, and that the best way to invest is to simply buy and hold a diversified portfolio of low-cost index funds. Malkiel’s philosophy is rooted in the efficient market hypothesis, which suggests that all publicly available information about a stock is reflected in its current price, making it impossible to consistently …