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Burton Malkiel Updates 50th Anniversary Edition of Investment Classic

Princeton Economics Professor's 'A Random Walk Down Wall Street' Gets Update

Revised Edition Reflects Five Decades of Market Evolution

FOR IMMEDIATE RELEASE

Princeton, NJ (October 6, 2023) – Renowned author and economics professor Burton Malkiel has released the eagerly anticipated 50th-anniversary edition of his seminal investment guide, “A Random Walk Down Wall Street.” First published in 1973, the book has sold over 1.5 million copies and has become a cornerstone of financial planning.

Malkiel, a long-time professor at Princeton University, wrote the original book to challenge the conventional wisdom that investors could consistently beat the market. His thesis, that the stock market follows a random walk and that active investing is unlikely to outperform passive strategies over the long term, has sparked decades of debate and reshaped investment practices.

In the updated edition, Malkiel acknowledges that while the basic principles of investing remain the same, the financial landscape has evolved drastically over the past five decades. He incorporates the latest advancements in behavioral finance, technological innovations, and globalization to provide readers with a comprehensive understanding of the current investment environment.

“The markets are constantly changing, and so must our approach to investing,” said Malkiel. “This new edition reflects the latest research and insights to help investors navigate the complexities of today's financial world.”

The 50th-anniversary edition of “A Random Walk Down Wall Street” is available now at bookstores and online retailers.

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About Burton Malkiel

Burton Malkiel is a professor of economics at Princeton University and the author of several bestselling books on investing. He is a member of the National Academy of Sciences and a past president of the American Finance Association.

About “A Random Walk Down Wall Street”

“A Random Walk Down Wall Street” is a comprehensive guide to investing that has sold over 1.5 million copies worldwide. The book has been translated into 11 languages and has been praised by investors, economists, and financial advisors alike.