'A Random Walk Down Wall Street' at 50

Burton Malkiel, the author of the investing classic, remains a champion of index investing.

Burton Malkiel, author of A Random Walk Down Wall Street
(Image credit: Burton Malkiel)

Princeton University emeritus economist Burton Malkiel, who turns 91 this year, has published a 50th-anniversary edition of his investing classic, A Random Walk Down Wall Street.

Kim Clark, Kiplinger: So much has changed since your first edition — there weren’t even any index funds for individual investors then. What are the best developments for investors you’ve seen in the past 50 years?

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Kim Clark
Senior Associate Editor, Kiplinger's Personal Finance

Kim Clark is a veteran financial journalist who has worked at Fortune, U.S News & World Report and Money magazines. She was part of a team that won a Gerald Loeb award for coverage of elder finances, and she won the Education Writers Association's top magazine investigative prize for exposing insurance agents who used false claims about college financial aid to sell policies. As a Kiplinger Fellow at Ohio State University, she studied delivery of digital news and information. Most recently, she worked as a deputy director of the Education Writers Association, leading the training of higher education journalists around the country. She is also a prize-winning gardener, and in her spare time, picks up litter.