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Even Burton Malkiel, the Wall Street skeptic and efficient-market high priest, has become more appreciative of what financial advisors can do. He said recently that they can keep "people from beating themselves" and "on an even keel."
May 10, 2012 at 23:59 | Source: Motley Fool
I think the reason goes back to something called the Efficient Market Hypothesis, a concept made famous by Princeton University economics professor Burton Malkiel, in his 1973 book entitled: A Random Walk Down Wall Street. He argued that all available ...
May 17, 2012 at 14:33 | Source: MyFinances.co.uk
Instead, he looked at the previous seven days of trading and read newspaper headlines and television talking points, going by the theory that economist Burton Malkiel espoused – that “a blindfolded chimp throwing darts at the Wall Street Journal” had ...
May 26, 2012 at 09:57 | Source: Globe and Mail