We're working on portfolio theory in class this month, and we've talked about index funds a little.
Here is a must watch video interview of Burton Malkiel talking random price movements and the business of actively managed funds.
http://finance.yahoo.com/tech-ticker/article/535789/Burton-Malkiel:-Markets-Arent-100%25-Efficient-But-You-Still-Cant-Beat-Em
Wednesday, January 19, 2011
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Awesome video! After reading Burton Malkiel and Jack Bogle, I think anyone who thinks they can beat the market, or can pick managers that can beat the market for them, are truly delusional. It's also interesting to see Henry Bloget again! I have not seen him since all his and Merrill Lynch's tech stock recommendations blew up when the tech bubble burst! Quite ironic to see Henry interviewing an indexer!
ReplyDeleteGood watch. Just downloaded the Audible book.
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