May 15, 2014
This week's podcast episode is a discussion of Burton
Malkiel's famous investment book "A Random Walk Down Wall Street".
Malkiel's key point is that stock market prices are inherently
unpredictable. He further argues that investment advisor techniques
such as technical analysis and fundamental analysis cannot be used
to reliably beat market averages. In light of this, he recommends
the alternative approach of passive investment.
In the podcast, I summarise the contents of the book, discuss the main arguments, outline some criticisms, and suggest other books and ideas that may be of interest.