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Burton Malkiel

  • Wednesday, 21 May, 2025
    Markets InsightTrump tariffs
    Tariff wars ignore win-win from comparative advantage in trade

    As David Ricardo wrote in the early 1800s, specialisation by countries can lift the overall output and availability of goods

    David Ricardo
  • Saturday, 22 March, 2025
    On Wall StreetPassive Investing
    Passive investing wins again

    Evidence in favour of index funds grows more compelling despite concerns over AI stock boom

    Pedestrians walk down Wall Street
  • Wednesday, 9 October, 2024
    Markets InsightTax
    How the US should reform taxes

    Many proposals coming from both political parties make little sense and would upend the principles of a fair and efficient system

    A hand putting US money tips on to a tray
  • Monday, 21 January, 2019
    InterviewFTfm
    Burton Malkiel on active v passive, hedge funds, ESG and Trump
    Burton Malkiel: ‘There are still too many active managers’ © Tony Healey/FT
  • Thursday, 17 May, 2018
    FT AlphavilleJamie Powell
    Wealthfront's experiment in risk parity has a rocky start
    Wealthfront's experiment in risk parity has a rocky start
  • Monday, 26 June, 2017
    FT AlphavilleDavid Keohane
    Further reading
  • Tuesday, 25 April, 2017
    FT AlphavilleDavid Keohane
    Soooooon, passive vs active edition
  • Monday, 6 February, 2017
    Sarah Gordon
    Sellside research would be little missed

    Surveys have found that analysts routinely overhype the companies they cover

  • Wednesday, 1 June, 2016
    FT AlphavilleDavid Keohane
    Further reading
  • Monday, 1 February, 2016
    US companies
    ‘Robo-advisers’ try to calm investor nerves

    Call centres swing into action to help clients seeking advice amid heightened volatility

  • Sunday, 16 November, 2014
    Fund management
    Smart beta is eating active managers’ lunch

    The strategy offers to outperform at a price closer to index funds than active funds

    A trader looks at his screen as he works on the floor of the New York Stock Exchange shortly after the opening bell, in the Manhattan borough of New York January 24, 2014. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) - RTX17SS2
  • Sunday, 10 August, 2014
    Fund management
    Mantra of passive dominance is dangerous

    Without active management, ETFs could increase the boom and bust cycles in stock markets

    Warren Buffett, chairman of Berkshire Hathaway Inc., speaks during an interview on the sidelines of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Friday, July 13, 2012.
  • Monday, 13 January, 2014
    Tech blogRichard Waters
    Wealthfront taps Silicon Valley’s new rich to top $500m
  • Thursday, 14 November, 2013
    SoapboxBusiness education
    What is the role of scholarship in business schools?

    Many aspects of management practice are based on what was originally meaningless research

  • Friday, 14 December, 2012
    Trader's DiaryInsight & Comment
    Shorten the odds by timing your trades

    Some days of the month produce better results than others

  • Wednesday, 14 May, 2008
    FT AlphavilleJohn Authers
    Malkiel makes a Great Leap, continues his Random Walk
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