The efficient market hypothesis and its critics
BG Malkiel - Journal of economic perspectives, 2003 - aeaweb.org
Revolutions often spawn counterrevolutions and the efficient market hypothesis in finance is
no exception. The intellectual dominance of the efficient-market revolution has more been …
no exception. The intellectual dominance of the efficient-market revolution has more been …
Reflections on the efficient market hypothesis: 30 years later
BG Malkiel - Financial review, 2005 - Wiley Online Library
… Malkiel, A Random Walk Down Wall Street, 1st Edition, New York, WW Norton, 1973. …
Malkiel, BG, 1973. A Random Walk Down Wall Street (WW Norton & Co., New York). Malkiel, BG, …
Malkiel, BG, 1973. A Random Walk Down Wall Street (WW Norton & Co., New York). Malkiel, BG, …
Returns from investing in equity mutual funds 1971 to 1991
BG Malkiel - The Journal of finance, 1995 - Wiley Online Library
Several recent studies suggest that equity mutual fund managers achieve superior returns
and that considerable persistence in performance exists. This study utilizes a unique data set …
and that considerable persistence in performance exists. This study utilizes a unique data set …
Efficient market hypothesis
BG Malkiel - Finance, 1989 - Springer
… Nevertheless, the history of fads and excesses in speculative markets I have reviewed (Malkiel,
1985), from tulip bulbs to blue-chip growth stocks, gives me some doubts that we should …
1985), from tulip bulbs to blue-chip growth stocks, gives me some doubts that we should …
[BOOK][B] A random walk down Wall Street: including a life-cycle guide to personal investing
BG Malkiel - 1999 - books.google.com
… Finally, the contribution of Judith Malkiel was of inestimable importance. She painstakingly
edited every page of the manuscript and was helpful in every phase of this undertaking. This …
edited every page of the manuscript and was helpful in every phase of this undertaking. This …
Have individual stocks become more volatile? An empirical exploration of idiosyncratic risk
JY Campbell, M Lettau, BG Malkiel… - The journal of finance, 2001 - Wiley Online Library
This paper uses a disaggregated approach to study the volatility of common stocks at the
market, industry, and firm levels. Over the period from 1962 to 1997 there has been a …
market, industry, and firm levels. Over the period from 1962 to 1997 there has been a …
The valuation of closed‐end investment‐company shares
BG Malkiel - The Journal of Finance, 1977 - Wiley Online Library
We begin by assuming that the fund sells at a price equal to the firm's net asset value (A). If
the fund distributes its unrealized appreciation (AT) evenly over time, we may write the …
the fund distributes its unrealized appreciation (AT) evenly over time, we may write the …
[PDF][PDF] Idiosyncratic risk and security returns
BG Malkiel, Y Xu - University of Texas at Dallas (November 2002), 2002 - Citeseer
The traditional CAPM approach argues that only market risk should be incorporated into asset
prices and command a risk premium. This result may not hold, however, if some investors …
prices and command a risk premium. This result may not hold, however, if some investors …
Investigating the behavior of idiosyncratic volatility
Y Xu, BG Malkiel - The Journal of Business, 2003 - JSTOR
This article studies the behavior of idiosyncratic volatility for the post–World War II period.
Using aggregate idiosyncratic volatility statistics constructed from the Fama and French ( 1993 …
Using aggregate idiosyncratic volatility statistics constructed from the Fama and French ( 1993 …
Hedge funds: Risk and return
BG Malkiel, A Saha - Financial analysts journal, 2005 - Taylor & Francis
From a database that is relatively free of bias, this article provides measures of the returns of
hedge funds and of the distinctly nonnormal characteristics of the data. The results include …
hedge funds and of the distinctly nonnormal characteristics of the data. The results include …