Professor Malkiel is a LEGEND. I just read his book. All my retirement money is in a bunch of index funds for the past 20 years. Thank you Jack Bogle and Prof. Malkiel.
Could not agree more with the comment of holding an index fund. If anything all this immediate information flow driving prices up and down so violently makes me feel even more secure in index funds.
Malkiel is one of the last of the all time greats in Finance. His advice is pure gold and should be mandatory viewing for novice investors. Thank you for interview.
This guy's advice is hands-down the most important financial information anybody should hear. It's great to see him on the program and I appreciate the questions you raised to him Consuelo.
All thumbs up. 👏👍 I had two very good professors before 1994 in my MBA degree and I learned everything from them. The best is to listen the entire 26 minutes. I figured this exactly out in the 90's. He wrote a book so I don't have to. Nobody will buy my book anyway. In the 90's I was searching for the best winning fund managers but found no consistency. That raised my suspension and found answers. After a period of I managed my own funds (hey, I had an MBA and probably better than many Wall Street managers), I refined and got exact strategy like he described, from my own experience and my own gathered stats.
@trave7644 I prefer safe and liquid assets like US Treasuries, German Government bonds. You know exactly what you get at maturity date. Index funds can crash 50% or more at any moment...
There is confusion between no possibility of arbitrage (efficient market) and prices being right or wrong. Stock picking is basically betting against what the majority of investors think
@Kyle, I've heard him recommend the total world stock (VT) from Vanguard in other interviews. I don't think you could go wrong with either one. These older guys like John Bogle and Burton Malkiel might have a bias to the US, since Bogle felt at the time he said it in the early 2000's, that the US is a proxy for all other world markets. That might have been historically true, but world financial markets are always evolving. Some are stronger than they used to be.
If great opportunities come with great risks then they aren’t really great opportunities are they?A really great opportunity has low or almost zero risk.Sorry Burton you are talking nonsense and millions of people have believed you for the last 50 years.
If one buys a stock market index fund, one buys everything in the stock market, including reprehensible commodities such as polluters, guns, gambling, tobacco, liquor, In other words, one sells one's conscience for profit. Malkiel knows this and approves of making money in any deplorable but profitable way.
Malkiel and Ellis in different personal situations than most 1:51 They are both up in age and have lots of money more than they need so they have LONG term views for their kids and grandkids Stock index funds for most
I like his advice however, I think he shows his age when he keeps talking down crypto currencies. Although it is very volatile and still speculative, bitcoin has survived this long now and does not seem like it is going away (time will ultimately tell). If the sec and cftc are looking at regulations, it means it is taking that sector seriously
![Financial Markets Are Dangerous for Investors: What You Need to Know [2022]](/img/n.gif)
Professor Malkiel is a LEGEND. I just read his book. All my retirement money is in a bunch of index funds for the past 20 years. Thank you Jack Bogle and Prof. Malkiel.
Could not agree more with the comment of holding an index fund. If anything all this immediate information flow driving prices up and down so violently makes me feel even more secure in index funds.
Malkiel is one of the last of the all time greats in Finance. His advice is pure gold and should be mandatory viewing for novice investors. Thank you for interview.
thank you so very much Burton Malkiel....
This guy's advice is hands-down the most important financial information anybody should hear. It's great to see him on the program and I appreciate the questions you raised to him Consuelo.
He said to add non-U.S. index funds, as your portfolio "develops"...I wish he had been a bit more specific as to what constitutes, "as it develops".
Number go up 📈👍
This guy's been around the block many times, I like him. Just ordered the book! 👍
All thumbs up. 👏👍
I had two very good professors before 1994 in my MBA degree and I learned everything from them.
The best is to listen the entire 26 minutes. I figured this exactly out in the 90's. He wrote a book so I don't have to. Nobody will buy my book anyway.
In the 90's I was searching for the best winning fund managers but found no consistency. That raised my suspension and found answers. After a period of I managed my own funds (hey, I had an MBA and probably better than many Wall Street managers), I refined and got exact strategy like he described, from my own experience and my own gathered stats.
You said “I” eight times.
And “my” six times.
@@mikex8683 I say yaw! What is the problem? You don't have I?
@@mikex8683 what is problem? You are jealous?
@@mikex8683 Did I step on you mafia's toe? Please fix your toe and broken heart. I had nothing to do with it. You own it.
Burton Malkiel is one of the greatest, smartest, most experienced, and most entertaining finance experts of all time. Stellar interview.😊💙🙏😍😺🌱😁
this video is great. I’d recommend it to all of my friends.
A great reminder during these challenging times!
Board member of Vanguard, ofcourse he wants to sell those index funds.
@trave7644 I prefer safe and liquid assets like US Treasuries, German Government bonds. You know exactly what you get at maturity date.
Index funds can crash 50% or more at any moment...
There is confusion between no possibility of arbitrage (efficient market) and prices being right or wrong. Stock picking is basically betting against what the majority of investors think
I wonder how much money Burton has made from his books alone
value investing always wins
I’m very surprised he advocated for a U.S. Total Stock Market Index Fund before a Total World Market Index Fund
@Kyle, I've heard him recommend the total world stock (VT) from Vanguard in other interviews. I don't think you could go wrong with either one. These older guys like John Bogle and Burton Malkiel might have a bias to the US, since Bogle felt at the time he said it in the early 2000's, that the US is a proxy for all other world markets. That might have been historically true, but world financial markets are always evolving. Some are stronger than they used to be.
US did better these past 6 months
Love it
If great opportunities come with great risks then they aren’t really great opportunities are they?A really great opportunity has low or almost zero risk.Sorry Burton you are talking nonsense and millions of people have believed you for the last 50 years.
Unconventional times require unconventional investors.
If one buys a stock market index fund, one buys everything in the stock market, including reprehensible commodities such as polluters, guns, gambling, tobacco, liquor, In other words, one sells one's conscience for profit. Malkiel knows this and approves of making money in any deplorable but profitable way.
Wish he had covered how he is personally allocated in his 401K and outside of his 401K.
Probably not index funds.
@@rexmundi273 he said most of his 401K is index funds. I'd like to see more detail though.
You already know he's in index funds. The rest of his strategy likely doesn't apply to your situation.
Malkiel and Ellis in different personal situations than most 1:51 They are both up in age and have lots of money more than they need so they have LONG term views for their kids and grandkids Stock index funds for most
Crypto currency- not for you grandpa
I like his advice however, I think he shows his age when he keeps talking down crypto currencies. Although it is very volatile and still speculative, bitcoin has survived this long now and does not seem like it is going away (time will ultimately tell). If the sec and cftc are looking at regulations, it means it is taking that sector seriously
Tulips also are still around, at the moment you just don't trade your house for a Tulip bulb.
@@donaldbump9223 are they putting regulations on tulips and brokerages are letting people invest and be custodians for tulips?
Burton is a Legend, thanks for bring him in!