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	Burton Malkiel - WikiStock
		Burton Gordon Malkiel (born August 28, 1932) is an American economist and writer, most famous for his classic finance book A Random Walk Down Wall Street (now in its 8th edition, 2003).
		Malkiel is closely affiliated with The Vanguard Group due to Vanguard's similar investment philosophies.
		Malkiel received his bachelor's degree (1953) and his MBA (1955) from Harvard University, and his doctorate (1964) from Princeton.
	www.wikistock.com /wiki/Burton_Malkiel (358 words)

	Fool.com: TMF Interview: Burton Malkiel [Special] May 9, 2003
		Burton Malkiel, you are after all a professor at Princeton, an Ivy League school.
		Malkiel: Look, I think there are many wonderful state schools and I think for most individuals they should not feel because they didn't get into Princeton that their life is ruined.
		Burton Malkiel is a professor at Princeton University.
	www.fool.com /Specials/2003/03050900bm.htm (1058 words)

	A Random Walk With Burton Malkiel
		Burton Malkiel, professor of financial economics at Princeton University, is the intellectual midwife of the indexing phenomenon.
		Malkiel: What we do is simulate a broad-based index and then charge the 20 basis points or less of expense.
		Malkiel: Yes, what I'm saying is that there are things from advisors that aren't useful and things from advisors that are useful.
	registeredrep.com /mag/finance_random_walk_burton (1390 words)

	A Random Walk Down Wall Street Summary
		Malkiel first lays out a foundation for how stocks are valued, focusing on two different theories, the firm-foundation theory and the castle-in-the-air theory.
		Malkiel explains how this works by showing there are actually two different types of risk: unsystematic and systematic.
		Malkiel engages the criticisms of this theories and offers well-formulated counterarguments that serve to not only heighten his own points, but cast significant doubts on the criticisms as well.
	www.shvoong.com /books/397950-random-walk-down-wall-street (380 words)

	Wall $treet Week with FORTUNE . TV Program \| PBS
		MALKIEL: And the problem is, the people who beat it in one period are not the people who beat it in the next period.
		MALKIEL: The broadest index fund that you can find that holds all of the stocks, and these things are generally called a total stock market index fund.
		MALKIEL: Well, I was again trying to suggest that it's a lot of fun, and even if you admit to yourself that you can't do it any better than the next guy, you sure don't want to give it up.
	www.pbs.org /wsw/tvprogram/malkiel_interview.html (2423 words)

	NAREIT - Capital Markets
		Malkiel: I’m a random walker with a crutch.
		Malkiel: Technical analysis is about as useful as going to a fortuneteller, as far as I’m concerned.
		Malkiel: People should only have 25 percent of their portfolio in equities as they approach retirement.
	www.nareit.com /portfoliomag/03sepoct/capital.shtml (1461 words)

	Wall $treet Week with FORTUNE . TV Program \| PBS
		That book made Malkiel instantly famous for an idea that was startling at the time and that he hasn't backed off of one inch.
		BURTON MALKIEL: I'm the guy who said that a blindfolded chimpanzee throwing darts at the stock pages could select stocks as well as the experts.
		As for Malkiel's favorite stocks lately, he is making a play on the aging of America with Service Corp. of America, a funeral home operator; plus two big drug firms, Pfizer and Merck.
	www.pbs.org /wsw/tvprogram/20030620.html (3871 words)

	A Random Walk Down Wallstreet Summary
		After the experiment was conducted, Malkiel randomly distributed the coin flips onto a chart and brought it to a technical school analyst that raved madly about how the “stock” should be purchased.
		Instead of going with fads and technical theories, Malkiel himself writes of the fundamental school- evaluating stocks on the basis of their performance, management, and risk potential.
		All in all, Malkiel’s book is an enjoyable read with excellent strategies for investors of all ages and experience.
	www.shvoong.com /books/1773-random-walk-down-wallstreet (470 words)

	Amazon.ca: Random Walk Down Wall Street: Books: Burton Malkiel (Site not responding. Last check: 2007-09-17)
		Malkiel, a Princeton economist and professional investor, backs it all up with statistics, charts and studies, and gives an entertaining review of the sorry history of market bubbles, panics and delusions of omniscience, from the Dutch tulip craze to the Beardstown Ladies.
		Malkiel describes just how risky various investments are, and how the risk is one investment is often offset by the risk in another.
		Professor Malkiel incorrectly assumes that, like most small investors, the informed and intelligent reader will not, after digesting his treatise (or is it screed?), go out and do his or her homework and investigate the claims made in this book.
	www.amazon.ca /Random-Walk-Down-Wall-Street/dp/0393057828 (2678 words)

	Amazon.ca: Random Walk Guide To Investing: Books: Burton Malkiel (Site not responding. Last check: 2007-09-17)
		Malkiel gives the reader some very fundamental advice on investments (index funds), asset allocation and planning your finances based on your risk aversion and age.
		Malkiel is famous for his position that no-one can beat the stock market over the long term.
		Malkiel would point out that this approach isn't without its risks, either, since such a portfolio with a small number of stocks could lack diversification.
	www.amazon.ca /Random-Guide-Investing-Burton-Malkiel/dp/039332639X (1431 words)

	A Random Walk Down Wall Street
		Malkiel says that by the mid-1990's, more than $20 billion dollars had poured into mutual funds whose goal was to buy the Dogs of the Dow.
		Malkiel points out that when a new stock is added to the SandP Index, its price tends to rise about 5%.
		Malkiel provides some excellent charts showing that, in 1998, the U.S. stock market was overvalued by historical standards.
	www.bainvestor.com /Random-walk-down-wall-street.html (687 words)

	TMF Interview: Burton Malkiel Part 2 By David Gardner and Tom Gardner May 06, 2003 - Microsoft Corp., Merck and Company ... (Site not responding. Last check: 2007-09-17)
		Malkiel: Well, there is no question about the fact that if you look at the individual stocks that over the long pull have given investors the best returns, they have been stocks like Microsoft (Nasdaq: MSFT) and Merck (NYSE: MRK) and Pfizer (NYSE: PFE) -- stocks that have enjoyed an above-average long-run rate of growth.
		Malkiel: What I mean by that is even if you incorrectly thought in 1999 and early 2000 that the Internet was going to be the best thing since night baseball, that everybody was going to go shopping on the Internet, you still would have limited your risk.
		There is no question about the fact that you will be better off if you get some kind of a stock that really begins to grow and has a story that people will like to talk about so that it will in fact get recognized in the market.
	articles.fool.com /coms2/summary_0268-03050600bm_ITM (730 words)

	The Case for Indexing - Kiplinger.com
		First published in 1973, Malkiel last year came out with the eighth edition of this classic -- which is the one to buy because it's the most up to date.
		But finding such mangers is, as Malkiel puts it, "like finding needles in a haystack." And even then you have to monitor their funds closely.
		Malkiel warns investors to be leery of hedge funds.
	www.kiplinger.com /columns/value/archive/2005/va0927.htm (625 words)

	Talking the Walk With Burton Malkiel
		Malkiel is the author of the landmark A Random Walk Down Wall Street, which contains the most assured route to long-term investing success yet discovered.
		The message of his book, first published in 1973, is simple: Investors are better off buying and holding an index fund than attempting to buy and sell individual stocks and actively managed funds.
		Professor Malkiel: While the basic investing message of the book hasn't changed since its original edition in 1973, there have been several important developments over the past few years that make new editions necessary.
	www.thestreet.com /_yahoo/funds/financialeducation/10079582.html (730 words)

	Burton G Malkiel and Stock Trading at TradeStars + Stock Trading (Site not responding. Last check: 2007-09-17)
		We, of course, are interested primarily in Burton G Malkielstock markets, which may actually be the most perfect of boom and bust, stock markets go with them.
		Day-Trading Risk Disclosure Statement Burton G Malkiel (a) Except as provided in paragraph (b), no member that is promoting a day- trading strategy, directly or firm to avoid the forced sale of those securities or other securities in your account.
		Short selling as part of your day-trading strategy also may lead to extraordinary losses, because you may have to purchase a stock at will be applied to the highest Burton G Malkiel opened day trade position.
	www.tradestars.com /content/Burton-G-Malkiel.asp (191 words)

	Burton Malkiel - Wikipedia, the free encyclopedia
		If net asset value and market capitalization are only two ways of measuring the same thing, then why is there a consistent difference between them?
		Astute readers of A Random Walk Down Wall Street will observe Malkiel frequently references Vanguard.
		He married his first wife, Judith Atherton Malkiel, in 1954; they had one son, Jonathan.
	en.wikipedia.org /wiki/Burton_Malkiel (364 words)

	Amazon.de: A Random Walk Down Wall Street: The Best Investment Advice for the New Century: English Books: Burton G. ... (Site not responding. Last check: 2007-09-17)
		Instead of taking the cue from the collapse (10/98) of Long Term Capital Management and producing something new and more interesting, Malkiel keeps on giving us warmed over versions of the same old EMH (efficient market hypothesis), which many researchers by now know is wrong (Fisher Black and Co. knew it in the eighties).
		Malkiel's beloved 'back of the envelope' calculation showing large how stock price changes can be caused by small interest rate changes is also irrelevant, because it assumes that dividends determine stock prices, and everyone in the market knows that dividends haven't mattered in the last ten years, at least.
		Malkiel points out vividly that the market is not perfectly efficient, but is efficient enough that time and money spent trying to beat it negates any advantage earned by the majority of participants.
	www.amazon.de /Random-Walk-Down-Wall-Street/dp/0393047814 (2233 words)

	Fool.com: TMF Interview: Burton Malkiel [Special] May 7, 2003
		Malkiel: Oh, that is a very good question.
		So, even if you want to buy some individual stocks, and I don't say don't do it, but have an index fund be the core of your portfolio -- and if you have a 401(k) and an IRA, it is the index funds that are absolutely the things to have in those vehicles.
		Thursday in part four: Malkiel looks ahead at investing for the next few decades.
	www.fool.com /specials/2003/03050700bm.htm (707 words)

	Amazon.com: A Random Walk Down Wall Street Seventh Edition: Books: Burton G. Malkiel (Site not responding. Last check: 2007-09-17)
		Burton Malkiel's "A Random Walk Down Wall Street" is, has been, and will remain a classic for the simple reason that the advice this book contains makes sense.
		Malkiel's "A Random Walk Down Wall Street" is a well-written, well-organized, and witty examination & discussion of contemporary investment strategy.
		Malkiel outlines what works, what doesn't, and how you ought to be allocating your assets in your 20s, 30s, 40s, 50s, 60s and beyond.
	www.amazon.com /Random-Walk-Down-Street-Seventh/dp/0393320405 (2787 words)

	A Random Walk Down Wall Street [Main Page] (Site not responding. Last check: 2007-09-17)
		Burton G. Malkiel shows how to analyze the potential returns, not only for stocks and bonds but also for the full range of investment opportunities, from money market accounts and real estate investment trusts to insurance, home ownership, and tangible assets like gold and collectibles.
		Whether you want to verse yourself in the ways of the market before talking to a broker or follow Malkiel's easy steps to managing your own portfolio, this book remains the best investing guide money can buy.
		Burton G. Malkiel is the Chemical Bank Chairman's Professor of Economics at Princeton University.
	www.wwnorton.com /catalog/fall03/032535.htm (206 words)

	Doug's Library -- Burton Malkiel (Site not responding. Last check: 2007-09-17)
		Malkiel asks: given a list of 200 companies at the start of the decade, could you have named any one of the top five?
		Malkiel argues that you can do little better predicting which of the 128 coins will come up with seven heads in a row than you can predicting which companies will do the best.
		Not to say fundamental analysis is useless, but rather the market is efficient enough that this information is reliably priced into the stock.
	personal.tcu.edu /~dingram/books/bmalkiel.html (506 words)

	SSRN-Passive Investment Strategies and Efficient Markets by Burton Malkiel
		BURTON G. Princeton University - Bendheim Center for Finance; National Bureau of Economic Research (NBER)
		Malkiel, Burton G., "Passive Investment Strategies and Efficient Markets".
		Email address for BURTON G. Princeton University - Bendheim Center for Finance
	papers.ssrn.com /sol3/papers.cfm?abstract_id=388238 (222 words)

	Idiosyncratic Risk and Security Returns - Burton, Xu (ResearchIndex) (Site not responding. Last check: 2007-09-17)
		Burton G. Malkiel Department of Economics Princeton University Yex i ao Xu...
		Malkiel, Burton, and Yexiao Xu, 2000, #Idiosyncratic Risk and Security Returns," memeo, Princeton University.
		Investigating the Behavior of Idiosyncratic Volatility - Burton Mabbba Economics
	citeseer.ist.psu.edu /burton00idiosyncratic.html (1123 words)

	WorldNetDaily.com Book Service: A Random Walk Down Wall Street by Burton Malkiel
		Princeton economist Burton Malkiel first wrote this perennial investment bestseller in 1973.
		Thirty years later, in the midst of a stock-market meltdown that has seen most investment "gurus" (and their followers) brought to ruin, Malkiel's no-nonsense, time-honored investing principles have proven truer than ever.
		Whether you want to brief yourself on the ways of the market before talking to a broker or follow Malkiel's easy steps to managing your own portfolio, this books remains the best investing guide money can buy.
	216.7.14.144 /products/BookPage.asp?prod_cd=c6161 (414 words)

	Amazon.com: "Burton Malkiel": Key Phrase page (Site not responding. Last check: 2007-09-17)
		'7 See Burton Malkiel, "How Much Diversification is Enough?" in AIMR Conference Proceedings: Equity Portfolio Construction, Association for Investment Management and Research, Charlottesville, VA,...
		I'll summarize what I believe to be its major points: The stock and bond markets are "efficient." As my co-author Burton Malkiel explains in the introduction,...
		Economist Burton Malkiel's landmark 1973 book, A Random Walk down Wall Street, summarized the growing wealth of academic research in language that investors...
	www.amazon.com /phrase/Burton-Malkiel (604 words)

	The Random Walk Guide to Investing: Ten Rules for Financial Success - Burton G. Malkiel
		This guide by Burton Malkiel, author of A RANDOM WALK DOWN WALL STREET sets down 10 of his "rules for financial success," beginning with basics such as "Fire your investment planner" and "Start now." The author, in his usual concise, irreverent style, gives a thumbs-up to index funds, low-cost mutual funds, and 401k plans.
		Based on the million-copy seller A Random Walk Down Wall Street, this concise new guide by influential and irreverent author Burton G. Malkiel takes the mystery out of personal finance by outlining Malkiel's own ten-point plan for success.
		Easy to read and easy to follow, this practical book aimed at the investment novice cuts through the jargon to give readers the confidence and knowledge to make wise investment decisions that will provide consistent returns.
	www.biblio.com /books/83513652.html (326 words)

	SSRN-Taxation and Corporation Finance by Roger Gordon, Burton Malkiel
		Gordon, Roger H. and Malkiel, Burton G., "Taxation and Corporation Finance" (1981-12-01).
		Contact Information for BURTON G. Email address for BURTON G. Princeton University - Bendheim Center for Finance
		This is a National Bureau of Economic Research Paper.
	papers.ssrn.com /sol3/papers.cfm?abstract_id=228980 (463 words)

	#7: Random Walk Down Wall Street by Burton Malkiel (Site not responding. Last check: 2007-09-17)
		Revised Edition, by Burton G. Malkiel, 1996, W.W. Norton and Company, 522 p., US$27.50 list.
		Random walk is a term describing Brownian motion.
		Malkiel suggests that it is nearly impossible to predict the direction or amount of the next change in a stock's price or in the stock market as a whole.
	www.maxvalue.com /tip007.htm (314 words)

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