Investing legend Burton Malkiel on day-trading millennials, the end of the 60/40 portfolio and more
There aren’t many books about investing that remain relevant over 40 years after they were first published. Burton Malkiel’s A Random Walk Down Wall Street, first published in 1973 and now in its twelfth edition, is one.
Malkiel’s observation — that short-term fluctuations in the markets make stocks unpredictable and that it’s thus usually wiser for individual investors to put most of their…