4 ms·

Can you please cite some of these references?

• mikeyouse 4y ago
  It's a really approachable theory and contrary to what you'll read in tech message boards - doesn't remotely boil down to "the market can't be wrong". Burton Malkiel (economist most famous for writing "A Random Walk Down Wall St" and being a longtime advisor of Vanguard) has a paper talking about the early 2000's pushback. It gives a good summation / spells out some critiques / offers his reasons for disagreeing: https://www.princeton.edu/~ceps/workingpapers/91malkiel.pdf https://www.princeton.edu/~ceps/workingpapers/91malkiel.pdf
  • zomglings 4y ago
    Thank you very much