Burton Malkiel: A Financial Legend’s Multi-Million Dollar Net Worth Revealed
Key Points: Burton Malkiel, author of the renowned “A Random Walk Down Wall Street,” has a net worth of $1.03 million as of 2024. His wealth primarily stems from his investment in Theravance Biopharma, Inc., where he serves as an Independent Director. Malkiel is a staunch advocate of passive investing and long-term strategies. Malkiel’s Investment Philosophy Malkiel emphasizes the following principles in his investment philosophy: Passive Investing: Investing in broad-based index funds that track the market’s overall performance, rather than actively trying to beat the market. Diversification: Spreading investments across different types of assets, such as stocks, bonds, and real … Read more