A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by the experts.Burton G. Malkiel
Risk can be analyzed and quantified; uncertainty cannot. The world of the stock picker is one of uncertainty.Burton G. Malkiel
The most likely place to find superior performance is within the group of low-cost index funds.Burton G. Malkiel
The prince who relies on any forecasting service is doomed to disappointment.Burton G. Malkiel
The price of a security at any point in time fully reflects all the available information and represents the consensus valuation of all market participants.Burton G. Malkiel
For most of us, trying to beat the market leads to disastrous results.Burton G. Malkiel
Past performance is not a reliable way to predict future performance.Burton G. Malkiel
The only 'individual' whom I would urge to become a short-term trader is one who is immensely wealthy, is willing to become poor, and is possessed of an insatiable curiosity to learn just how rapidly his wealth can be transferred to others.Burton G. Malkiel
Sensible investment is based on simple arithmetic.Burton G. Malkiel
There is a surefire way to get rich quickly. Start off being very, very rich and then engage a high-priced broker.Burton G. Malkiel
Even Wall Street chartists make a serious contribution to our greater welfare. They keep brokers busy and help to reduce unemployment.Burton G. Malkiel
The stock market does not reward or punish companies for past successes or failures. Instead, it sets prices according to its expectations of future earnings.Burton G. Malkiel