An investing icon just unloaded on a strategy he says is ‘like looking for a needle in a haystack’ — and his comments should strike fear in stock pickers everywhere
|01/10/2019||Posted by BusinessMediaguide.Com under General World News||
- Passive investing always beats actively-managed strategies, investing icon Burton Malkiel said in a Wednesday television appearance.
- ‘The evidence is that active is getting worse relative to indexing,’ the Princeton economics professor and best-selling author said on Bloomberg TV.
- Despite Vanguard founder Jack Bogle’s worries about index investing getting too large, Malkiel said the strategy could be 90% of the market and not cause problems.
Investing icon Burton Malkiel is doubling down on his argument for passive investing.
The Princeton economics professor, who has long championed index investing, reiterated in a recent television interview that investors have better performance from funds read more >>>