A Random Walk Down Wall Street | Burton Malkiel | Talks at Google

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  • Опубліковано 22 лис 2024

КОМЕНТАРІ • 77

  • @JackSmith-w1t
    @JackSmith-w1t Місяць тому +65

    Antozent- they are selling around 250 self help ebooks for the price of one (including this one)

  • @MichealGoguen
    @MichealGoguen 18 днів тому +82

    I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.

    • @egiljames
      @egiljames 18 днів тому

      It's very obvious that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.

    • @egiljames
      @egiljames 18 днів тому

      But It's a great idea to have a conversation with
      financial advisors like Joy Philips to reshape you
      portfolio.

    • @JamesWilliams-xd6by
      @JamesWilliams-xd6by 18 днів тому

      I agree with you, I'm not here to converse for her but to testify just for what I'm sure of, she's trust worthy and best option ever seen..

    • @JamesWilliams-xd6by
      @JamesWilliams-xd6by 18 днів тому

      I think.Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on UA-cam.

    • @IvanBogdan-qw2yq
      @IvanBogdan-qw2yq 18 днів тому

      She's really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment 👏

  • @tree1116
    @tree1116 2 роки тому +2

    Dr. Burton is an outstanding human being. Regardless of his career he is a man who is happy, well healed and has great insight. I must watch.

  • @filimonchik123tube
    @filimonchik123tube 2 роки тому +3

    Yes, Mr. Burton, you right, it does work. Thank you very much for your book.

  • @georgestone0123
    @georgestone0123 11 місяців тому +49

    Reading books has really skyrocket the way I think about investing. Indeed, no one has ever got rich by saving money. If you want to become financially free, You need to Invest. I've come to realize that the key to amassing wealth lies in making sound investments

    • @tahirisaid2693
      @tahirisaid2693 11 місяців тому

      Yeah, You're Right! According to a book writer; ‘What everyone needs is to work with a financial advisor, who can help you get in and out of any investment at any time and you'd sure be in profit

    • @georgestone0123
      @georgestone0123 11 місяців тому

      Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner..||.

  • @will227inyoface2
    @will227inyoface2 5 років тому +31

    Wish we could have seen his slides!

  • @GetDamage
    @GetDamage 11 років тому +11

    Check out his other presentation on here called burton malkiel part 1. It's a similar presentation with graphs and slides.

  • @Sinegorsky86
    @Sinegorsky86 2 роки тому

    What is gently old man 👴 Mr . Malkiel! I am glad to hear him 😊!

  • @jorgipogi
    @jorgipogi 4 місяці тому +1

    Very smart man! History has vindicated him.

  • @elliotpolanco159
    @elliotpolanco159 3 місяці тому +1

    Jim Simmons walks in .... Hold my cigar

  • @jonetyson
    @jonetyson 13 років тому +8

    In the question of whether the assets in the 401K should be the same as the assets in the non-retirement account, Malkiel completely ignores the effect of taxes. Clearly, you are better off if you dividend and income-producing investments are in the tax-free account rather than vice-versa.

  • @MuchoMate
    @MuchoMate 6 місяців тому

    Hell was he right! He knew 💯

  • @bluo88
    @bluo88 10 років тому +1

    @Jon Tyson
    It's true that income producing investments (call this IPI) have a tax advantage in a Roth type retirement account, but you ultimately need to consider your investment objectives and alternatives. For example, age is a very important factor. If you're young, you'd probably benefit more in the long run from funds which seek aggressive capital growth (e.g. small and mid cap funds) than from funds which focus on IPI. Thus, you might choose not to have any retirement money in IPI until you're much closer to retirement and need to reduce risk. At the same time, it could make sense to have IPI in your non-retirement account to diversify/reduce volatility and if you plan to use the money for things before retirement.

  • @roystongibbs7189
    @roystongibbs7189 7 років тому +1

    Thank you very much

  • @elecuts
    @elecuts 4 місяці тому +1

    I’m another Warren. I’m right here. I DCA Bitcoin tho

  • @j33433
    @j33433 14 років тому +16

    I would love to see the slides for this talk. Does anyone know where I can get them?

  • @careti09
    @careti09 4 роки тому

    Thanks.

  • @luiscaminero9145
    @luiscaminero9145 2 роки тому +2

    51:00 This might be an issue in the future

  • @hasanz5259
    @hasanz5259 7 років тому +15

    Starting 32:30 is the meat of this lecture.

    • @GaminHasard
      @GaminHasard 4 роки тому +1

      thanks, have a great 2020 and beyond!

  • @lopsrobby5780
    @lopsrobby5780 6 років тому +14

    No bonds for me. I'll take market volatility over underperformance.

    • @chrisf1600
      @chrisf1600 2 роки тому +1

      Cool. Just pray we don't get a 30 year drawdown like they did in Japan.

    • @johngalt6378
      @johngalt6378 2 роки тому

      @@chrisf1600 dca this is bull****

    • @chrisf1600
      @chrisf1600 2 роки тому

      ​@@johngalt6378 Over the ten years from 2000-2010, S&P 500 lost 30% in real terms. There have been several 15-year periods where US stocks had negative real returns. It probably won't happen again but who knows ? Investing in stocks isn't a guarantee of free money, it's called a risk premium for a reason.

    • @george6977
      @george6977 Рік тому

      @@chrisf1600
      With bonds and cash inflation is a risk. All assets are risky.

  • @c-LAW
    @c-LAW 2 роки тому

    I think this speech violates UA-cams TOS.

  • @sonajero25
    @sonajero25 4 роки тому +7

    Google: the place where you can find whatever information you want except 'Talk at Google' 's slides.

  • @MahmutAyabakan
    @MahmutAyabakan 2 місяці тому +1

    Thompson Frank Lee Kimberly Anderson Mary

  • @daintree98
    @daintree98 2 роки тому +1

    Malkiel easier on the ear at 1.5 speed.

  • @rimservices
    @rimservices 3 роки тому

    The guy at 48:00 perfectly resonates with what I thought when first saw this dumb argument - speaking about impossibility of market timing, then assuming one can negatively time 10 worst days. Why not build a strategy betting against that guy than!

    • @DF-ss5ep
      @DF-ss5ep 3 роки тому +1

      If you miss the worst 10 days you get rich, I guess. I think the point is that the expected return if you invest for a long time is positive, but if you keep buying and selling, who knows what will happen? Maybe you get rich, maybe you lose all your money, maybe your money stays the same.

  • @fredatlas4396
    @fredatlas4396 3 роки тому +2

    If 14 active funds beat the index over 9 yrs, but most of those were below the index in the tenth year. Did they produce significantly higher total returns over the full 10 yrs, and what about over a 20 year period. I used portfolio visualiser, which just works for investors in the US and found over the period from 2000 to 2009 the S&P 500 index produced a negative return if you invested a lump sum in 2000. But over the 21 Yr period from 2000 to the present S&P 500 produced good results. But over that terrible period from 2000 until 2009 I found some active US equity funds that produced good results and continued to produce very good results for the whole 21 year period from 2000 onwards.. And I see the Chinese economy has produced much higher gfp than most other countries, but it doesn't appear to have produced higher returns for investors. And it seems like the economy and stock markets don't move in the same direction most of the time. As ordinary working class people appear to drive economies when they get payed enough and the wealthy, Institutional investors and pension funds drive stock markets

    • @Frank020
      @Frank020 Рік тому

      For sure. More buyers drive up the price regardless of GDP, or earnings. However, company earnings matter more LT. More sellers drive down the market. If you don't trust the government, then people will be less comfortable in investing in dictatorships like China. In US we have audited earnings. That is why once in a while the SEC punishes crooks badly..lol A miriad of other factors affect such as inflation wages, availabilty of raw materials, and political stability, and alternative investments as he pointed out. Sadly, the current US deficit is a cross to bear; I hope there is a solution, but I think it will be a while. People like this man could possibly help them instead of polilticians, who are mostly law people.
      (He mentioned the efficient market theory .)

  • @shahaffa
    @shahaffa 12 років тому

    מסקנותיו:
    לא לנסות לתזמן את השוק
    לא לנסות לבחור מניות ספציפיות - אלא לפזר סיכונים - רצוי דרך תעודת סל.
    לא לבחור במנהלים יקרים.
    בהשקעה לפנסיה יש לחלק בין מניות לאגח כשהחלק האגחי גדל לקראת פרישה, מדי פעם יש לאזן את היחסים בין האפיקים.
    רצוי להשקיע גם מחוץ לארץ שאתה גר. למשל להיחשף לסין דרך ETF.

  • @chgone5034
    @chgone5034 8 місяців тому

    I wonder what has happed to those Chinese funds he recommended, 13 yrs later.

  • @tommyharris5817
    @tommyharris5817 3 роки тому +2

    Disagree. A stock that falls 50% needs 100% to break even and a stock that falls 75% needs a whopping 300% just to break even!

  • @TheBest-ff8zz
    @TheBest-ff8zz 11 років тому

    תודה על הטיפ, אבל למה אתה כותב בעברית?
    לזה לא ציפיתי.

  • @trixy8669
    @trixy8669 3 роки тому +1

    Sure why not create index bubbles. Fuck it.

  • @partidascompletasdefutebol
    @partidascompletasdefutebol 3 роки тому

    🇧🇷

  • @pietrod1221
    @pietrod1221 12 років тому

    i see until 8.00 ant he say and say and say about the financial reflexivity just better explained by soros in almost all his books......

  • @rmiryala
    @rmiryala 10 років тому

    hi

  • @rimservices
    @rimservices 3 роки тому +1

    Next step also hilarious: "don't guess stocks, buy index" - goes next to recommending particular countries to invest, as if it's different

    • @fredatlas4396
      @fredatlas4396 3 роки тому +1

      But he also says buy the whole market and have some exposure to emerging markets as part of your overall portfolio via index funds. Because usually an active fund will only hold say 30 or 50 stocks as opposed to index of hundreds or thousands of stocks at very low costs, index funds are way more diversified

    • @chrisf1600
      @chrisf1600 2 роки тому

      It is different. There's a lot of evidence showing that expensive markets give lower returns over the long run. A strategy that buys the 5 cheapest global markets has done exceptionally well over time.

    • @george6977
      @george6977 Рік тому

      @@chrisf1600
      Not if you held Russia.

  • @syncmeandroid
    @syncmeandroid 3 роки тому

    A load of bulldust.

  • @sectorrottation
    @sectorrottation 3 роки тому

    A lot of good momentum traders I know timed almost all tops. Involes some hard work. It's not just watching what the major indices do. You can time the market if you follow what stocks do, what the broad market does.

    • @lorenzom7237
      @lorenzom7237 3 роки тому +1

      How about now ?

    • @chrisf1600
      @chrisf1600 2 роки тому

      How'd they do when the market plunged in March 2020 ? Trend followers are by definition slow to get out and slow to bet back in. If it were as simple as waiting for the 200 day MA to cross the 50 day, or something equally naive, everyone would be doing it.

    • @sectorrottation
      @sectorrottation 2 роки тому

      @@chrisf1600 @Chris F It's not that simple. You count distribution days at the highs and reduce exposure as distribution increases. Then start buying back when everyone panic as price undercuts a key MA or support. Start with 1 or 2 and add only if they work.
      Trend followers get out as their stocks breach MAs and trendlines. Lot of stocks do this before the market starts breaking down.
      Momentum traders are often swing traders. Trend traders hold longer.

    • @sectorrottation
      @sectorrottation 2 роки тому

      MA crossovers are useless. Massive lag. Follow price and volume. MA violation is important as well.