In an uncertain and rapidly changing world, Steve Forbes sits down with today’s leading business and economic minds to give listeners a better grasp of what’s ahead, and shares his own perspectives on the day’s most pressing issues.
In his best-selling book, A Random Walk Down Wall Street, Burton Malkiel made a shocking claim: that monkeys are just as good as expensive money managers when it comes to picking stocks. His rock-solid conclusion: anyone can beat the investing pros. How: using index funds. In fact, his thesis helped usher in the concept of index funds which have generated enormous wealth for Americans in the intervening decades. Today, nearly half of all investment funds are now indexed. In this episode of Steve Forbes’ What's Ahead podcast hear Malkiel share why indexing beats stock picking, his enthusiasm for growth companies in emerging markets and his impressions of “smart beta” stocks, the new investing rage. You won’t want to miss this episode filled with riches.