Burton malkiel quotes services

In his book, A Random Walk Down Wall Street, Burton Malkiel argues that stock picking is a losing proposition. Instead, he advocates for investing in index funds. Malkiel's quotes on investing are often cited by those in the know. Here are some of his best.

Burton Malkiel is an American economist and writer. He is a professor of economics at Princeton University and the author of the best-selling book A Random Walk Down Wall Street. Malkiel has also written several other books on investing, including The Elements of Investing and The Random Walk Guide to Investing. In addition to his academic work, Malkiel is a regular contributor to The Wall Street Journal and has been a featured guest on numerous financial television programs. He is also a member of the Board of Directors of The Vanguard Group, one of the world's largest investment management companies.

"I have never been a big fan of active portfolio management," Malkiel said in an interview with Bloomberg. "I think that the vast majority of people who say they can beat the market are deluding themselves." Malkiel's views on active portfolio management echo those of many other finance experts. For the average investor, it is very difficult to outperform the market. Instead, Malkiel recommends a low-cost index fund as the best way to invest.