Burton Malkiel Believes in the Thesis of the Random Walk More Than Ever

By on July 7, 2009

Burton Malkiel was interviewed by Forbes magazine recently and said most of his money is in index funds because new information is reflected in prices too quickly for anyone to benefit with any consistency. Malkiel compared technical analysis to astrology, but admitted there was some tendency for momentum in the market, but it wasn’t enough to make investors arbitrage opportunities or excess profits. He said he is very excited about investing in China, which he has visited five times.



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