The Julia La Roche Show

#142 Dr. Burton Malkiel On 'A Random Walk Down Wall Street,' The Best Way To Invest, And What You're Getting Wrong About 'Efficient Markets'


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Dr. Burton Malkiel, author of the influential book, "A Random Walk Down Wall Street," which revolutionized how people approach investing, joined Julia La Roche on episode 142.

Link: https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/1324051132

0:00 Intro and welcome Dr. Burton Malkiel 

1:30 Writing ‘A Random Walk Down Wall Street’ 

4:30 Reaction to ‘A Random Walk’ 

5:30 90% of active managers do worse than the index 

8:14 Investing in the first index fund, and its returns 

12:48 This is the way to invest

19:30 Exchange Traded Funds (ETFs)

22:29 Bitcoin spot ETF, bubbles 

27:18 Debunking that ETFs distort financial markets, fuel a passive investing bubble 

33:40 Efficient Market Hypothesis and what the media gets wrong

38:20 View of the markets, macroeconomics  

43:50 Retirement crisis ahead?

48:48 Background

50:38 Parting thoughts

...more
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