Books by Burton G. Malkiel

Burton Gordon Malkiel is an American economist and writer, most famous for his classic finance book “A Random Walk Down Wall Street,” which, as of 2020, has gone through 12 editions. Director of the Vanguard Group for almost three decades, he is currently a professor of economics at Princeton University. Malkiel is well known as one of the leading proponents of the efficient market hypothesis.

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A Random Walk Down Wall Street

Burton G. Malkiel

A succinct guide for the individual investor, “A Random Walk Down Wall Street” by Burton Malkiel covers everything from insurance to income taxes. Based on the efficient market hypothesis, it provocatively suggests that Wall Street experts are no better than individual investors, and advocates for buying and holding an index fund rather than attempting to buy and sell individual securities or actively managed mutual funds.

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