Top 10 Notable Quotes from "A Random Walk Down Wall Street" by Burton G. Malkiel

“A Random Walk Down Wall Street” is a book written by Burton Gordon Malkiel, a Princeton University economist. The book popularized the random walk hypothesis, which argues that asset prices typically exhibit signs of a random walk and thus one cannot consistently outperform market averages. Malkiel suggests that low-cost index funds are a better strategy for choosing stocks than other methods. The book addresses the divide between technical analysis and fundamental analysis and is frequently cited by those in favor of the efficient-market hypothesis