#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'
The Julia La Roche Show · Julia La Roche
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Show Notes
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