Random walk theory proposes that stock prices move unpredictably, making it impossible to predict future movements based solely on past trends. This financial theory, first popularized by economist ...

Albert Phung has 7+ years of experience as a process improvement consultant for several businesses; currently with Alberta Health Services. Suzanne is a content marketer, writer, and fact-checker. She ...

According to the “random walk” hypothesis, markets are inherently unpredictable. This hypothesis was the force behind the creation of index funds that were designed to simply replicate the returns of ...

Princeton University emeritus economist Burton Malkiel, who turns 91 this year, has published a 50th-anniversary edition of his investing classic, A Random Walk Down Wall Street. Kim Clark, Kiplinger: ...

Investing in broad-based index funds seems unambitious — a fallback for people who lack the confidence to pick stocks that will outperform the market. Nearly 50 years ago, the economist Burton Malkiel ...

An interesting paper making the point that you can too forecast foreign exchange rates. Not, of course, at the hour to hour level where people speculate at leverage of 500:1, but over longer time ...

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 ...