This is a stock market blog about portfolio management,foreign stocks, exchange traded funds and the occasional musing about my wildland firefighting experiences. The point here is to share process.
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Sunday Morning Coffee
Posted on July 05, 2009
This week's Barron's interview was with Burton Malkiel author of the book A Random Walk Down Wall Street, professor at Princeton, champion of index investing and CIO at AlphaShares. There were many interesting comments and ideas; enough to make an entire Tuesday Tidbits all by itself.In A Random Walk Malkiel says he was essentially advocating index funds but there were no index funds back then. He says that two-thirds of active managers are beaten by the indexes. He believes even more strongly than I did in 1973 -- that most investors would be much better off having at least the core of the...
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