Articles under “Burton Malkiel”

An Optimal Approach to Smart Beta

I have been skeptical about the proliferation of “Smart Beta” strategies, many of which have failed to generate satisfactory returns. The reason is not because the approach has no theoretical basis or is inconsistent with my belief that markets are reasonably efficient.

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Is Indexing Worse Than Marxism?

Index funds have always been ridiculed by active mutual-fund managers.  Two recent events have fueled a new set of criticisms.

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What You Should Do in Volatile and Uncertain Markets

World stock markets have been extremely volatile in 2015. Returns since the start of the year have been negative and the markets have recently experienced a major correction.

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Why Did Wealthfront Hire A Deeply Experienced Research Team?

Readers of our blog know we are big advocates of passive investing. We believe that buying a broadly diversified portfolio and running it at extraordinarily low costs is the foundation of any sound investment strategy.

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