Random walk hypothesis suggests stock market movements are unpredictable, impacting active trading. This theory supports long-term investment strategies, like buy-and-hold, over short-term speculation ...

Investing in broad-based index funds seems unambitious — a fallback for people who lack the confidence to pick stocks that will outperform the market. Nearly 50 years ago, the economist Burton Malkiel ...

The random walk theorem, first presented by French mathematician Louis Bachelier in 1900 and then expanded upon by economist Burton Malkiel in his 1973 book A Random Walk Down Wall Street, asserts ...

Burton Malkiel is known as an advocate of low-cost, passively managed portfolios. But when it comes to boosting after-tax returns, he favors an active approach. Malkiel, author of investing classic A ...

Dr. Burton Malkiel is the Chemical Bank chairman's professor of economics at Princeton University. He is also the author of A Random Walk Down Wall Street. A 10th edition of the book will be coming ...

Mr. Malkiel is an American economist and financial executive. His 50-year-old book, “A Random Walk Down Wall Street,” is widely credited with popularizing stock index funds. Stock markets regularly go ...