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2016-06-04

Interview With Professor Burt Malkiel, A Randown Walk Down Wall Street



Interview With Burt Malkiel: Masters in Business (Audio) by Bloomberg View

Interviewed by Barry Ritholtz, Burton Malkiel is Chairman’s Professor of Economics at Princeton University. Professor Malkiel served as a member of the Council of Economic Advisers (1975–1977), president of the American Finance Association (1978), and Dean of the Yale School of Management (1981–1988). He was a director for the Vanguard Group vanguard.com for 28 years. Currently, he is Chief Investment Officer to software-based financial advisor, Wealthfront wealthfront.com. He is best known for A Random Walk Down Wall Street, now in its 11th edition, with over 1.5 million copies sold.

Malkiel discusses a wide range of topics from how he urged the creation of index funds to why “a blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by the experts.”

Particularly interesting for all types of investors, traders, marketers, sellers, and buyers, are Professor Malkiel's comments about pricing and prices, markets and valuations, including in the context of the dot-com bubble. Audio release date: 25 May 2016

Investing: A Random Talk With Malkiel - Bloomberg Gadfly: "... Are high-dividend stocks more risky than bonds? Traditionally, yes. If you look in terms of traditional risk measures, they are more risky, but in my view investors are going to be much better off. 
You famously wrote that a blindfolded chimpanzee could select a portfolio that would do as well as any expert. How do you reconcile that view with Buffett’s long-standing success as a stock picker?
Warren Buffett has in his will instructed his widow to invest in index funds, which means that’s what Warren Buffett would do.
How do you invest your money? 
I invest my own money largely in index funds."


Youtube video of Dr. Burton Malkiel: what an individual investor should be doing in the event that their investment portfolio is underperforming in the short term (published Aug 26, 2015).




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