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Burton Malkiel Talks About Efficient Markets
In this video sponsored by Vanguard, Burton Malkiel, Princeton professor and author of "A Random Walk Down Wall Street," talks with RIJ editor Kerry Pechter about what "efficient market" means to him. The 10th edition of "A Random Walk" has just been published.
Industry Views are special reports that are sponsored and independent from RIJ's editorial content.
August 10, 2011, The Decumulation Beat
They Know Not What They Do
The equity sell-off and rush to Treasuries didn't happen because Congress failed to cut the deficit or the debt aggressively enough. In my humble opinion, it happened for the opposite reason.
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