Burton G. Malkiel
Economist, professor and finance author
Burton G. Malkiel is an American economist and Princeton professor. He wrote the bestselling investing book A Random Walk Down Wall Street.
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American Born 1932 in Boston, United States
About Burton G. Malkiel
Burton Gordon Malkiel, born on 28 August 1932, is an American economist, financial executive and writer. He holds a named chair in economics at Princeton University, where he has twice chaired the economics department. Malkiel served on the Council of Economic Advisers from 1975 to 1977 and was dean of the Yale School of Management from 1981 to 1988. For 28 years he was also a Vanguard Group director. His book A Random Walk Down Wall Street was first published in 1973 and had reached its 13th edition by 2023. He is a proponent of the efficient-market hypothesis and generally favours buying and holding index funds, while allowing that some active management around the edges of a portfolio can be reasonable.