Burton Malkiel Quotes

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Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages.

Burton Malkiel

Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.

Burton Malkiel

Burton Malkiel

Burton Malkiel

Born: August 28, 1932 (age 92)

Bio: Burton Gordon Malkiel is an American economist and writer, most famous for his classic finance book A Random Walk Down Wall Street.

Known for:

The Elements of Investing (2009)

Burton Malkiel on Wikipedia

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