When Burton Malkiel published A Random Walk Down Wall Street 50 years ago, he said a blindfolded chimpanzee throwing darts could pick a stock portfolio that would do as well as one created by experts.

Random walk theory holds that short-term and mid-term price movements of a specific stock appear to be random and thus are unpredictable. Using a share price’s past movements, for example, is an ...

Burton Malkiel is known as an advocate of low-cost, passively managed portfolios. But when it comes to boosting after-tax returns, he favors an active approach. Malkiel, author of investing classic A ...

Forbes: Can you describe your investment strategy in this type of market, and is it the same strategy that you chronicled in your book A Random Walk Down Wall Street? Malkiel: It is, and in fact I'm ...

After recently reading Burton Malkiel’s Random Walk Down Wall Street, it made me wonder just how easy it would be to beat the market by randomly picking stocks and selecting a small sample to test the ...