Jump to content
Sign in to follow this  
tony

An Index Fund Evangelist Changes His Tune

Recommended Posts

In his classic 1973 book “A Random Walk Down Wall Street,” Burton Malkiel, a Princeton economics professor, made an assertion that was startling at the time: that “a blindfolded monkey throwing darts at the stock listings could select a portfolio that would do just as well as one selected by the experts.”

 

 

 

https://www.nytimes.com/2017/06/22/business/burton-malkiel-investment-stock-index-funds.html?ref=business

Share this post


Link to post
Share on other sites

This is an interesting development. Malkiel spent his career analyzing and debunking various methods for beating the market. Now it sounds as though he thinks he found a method that works. No doubt his old compatriots Bogle and Charles Ellis will weigh in on this, it'd really be something if they were swayed, too. The tax-loss-harvesting part would tempt me if I had a large taxable account.

 

Also worth noting that while the robo-advisor market mostly seems to target young beginning investors, Wealthfront is courting bigger fish: the minimum to get their whole "PassivePlus" treatment is $500,000. Maybe they see themselves as a competitor to Dimensional funds.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...