#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'

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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

182 episodes

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