Burton G. Malkiel

 is the Chemical Bank Chairman’s Professor of Economics at Princeton University.

Professor Malkiel is an American economist. He is a leading proponent of the efficient market hypothesis.

Malkiel is the author of the well-known book A Random Walk Down Wall Street. Originally published in 1977, the book has gone through many editions. Malkiel and his co-author, Charles Ellis also wrote another popular book on investing, The Elements of Investing: Easy Lessons for Every Investor.

Business career
Malkiel served as a trustee for the Vanguard Group Inc., and the Vanguard funds for 28 years, ending in 2005. Malkiel remains a director of Vanguard Group (Ireland) Ltd.

In 2007 Malkiel, along with co-founder, Kevin Todd Carter, founded AlphaShares, LLC, a privately owned investment manager. The firm invests in the public equity markets of China. It also develops and manages a series of China indices. The company mainly serves corporations and high-income individuals.

In February 2013, Malkiel was named Chief Investment Officer of investor advisor firm Wealthfront.

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