A random walk down Wall Street : including a life-cycle guide to personal investing
By B. Malkiel. 1999
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
- Lukas Menkhoff
- Lucio Sarno
- Mark P. Taylor
- Ryan D. Edwards
- Yang Peng
- Francisco Gomes
- Pascal J. Maenhout
- João F. Cocco
Citations in the corpus
- Leverage Financial News to Predict Stock Price Movements Using Word Embeddings and Deep Neural Networks (2015, background): “Efficient market hypothesis [16] and random walk [36] are two of the most famous hypothesis which made the argument that it”
- The Obstinate Passion of Foreign Exchange Professionals: Technical Analysis (2007, background): “Hence, the suggestion of Malkiel (1996), that “Technical strategies are usually amusing, often comforting, but of no real value” is perhaps a little too dismissive, and this has been recognised by a number of researchers.2 Indeed, over the past twenty years or so, international financial economists…”
- Health Risk and Portfolio Choice (2008, background): “This is consistent with the standard investment advice provided by Malkiel (1999), who suggested declines of one percentage point per year of age.”
- The Microstructure of the Foreign-Exchange Market: A Selective Survey of the Literature (2001, background): “X Library of Congress Catalog Card Number: 2001024516 International Economics Section Tel: 609-258-4048 Department of Economics, Fisher Hall Fax: 609-258-1374 Princeton University E-mail: ies@princeton.edu Princeton, New Jersey 08544-1021 Url: www.princeton.edu/~ies”
- Consumption and Portfolio Choice over the Life Cycle (2005, methodology): “Finally, we analyze the consumption cost of investing according to a rule of thumb advertized by Malkiel (1996), recommending investors to hold a percentage share in the riskless asset equal to their age.”
- Stock Movement Prediction from Tweets and Historical Prices (2018, background): “However, stock movement prediction is widely considered difficult due to the high stochasticity of the market: stock prices are largely driven by new information, resulting in a random-walk pattern (Malkiel, 1999).”
- A systematic review of fundamental and technical analysis of stock market predictions (2019, background): “Despite the increase in stock-market prediction from both technical and fundamental analysis point of view, some scholars (Fama 1965, 1970; Malkiel 1999) holds the belief that the stock market is unpredictable.”
- Biological Physics: Energy, Information, Life (2003, unknown): “Semipopular: Historical: (Pais, 1982, §5) Finance: (Malkiel, 1996)”
- Optimal Portfolio Choice over the Life-Cycle with Flexible Work, Endogenous Retirement, and Lifetime Payouts (2011, unknown): “A high and then falling stock weight by age is in line with several previous normative studies including Cocco, Gomes, and Maenhout (2005) and Gomes, Kotlikoff, and Viceira (2008), and it is also consistent with financial planning advice (Malkiel 1996).”