Blindfolded Quote by Burton Malkiel
“A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts,”
About This Quote
Source Book: A Random Walk Down Wall Street, 1973
Random selection can match expert choices, highlighting market efficiency and luck.
In simple terms: Random choices can match expert picks.
Question the value of expert advice.
Themes
Mood
Type
When to use this quote
- stock picking
- portfolio construction
- risk assessment
- educational seminars
Key Concepts
Questions to Reflect On
- How much does skill truly affect investment outcomes?
- Can randomness ever replace expertise?
Expert analysis may add insight beyond randomness.