In his book – A Random Walk Down Wall Street, Burton Malkiel discusses the investor’s risk tolerance using what calls the ‘sleeping point’. Here’s an excerpt from the book: Determining clear goals is a part of the investment process that too many people skip, with disastrous results. You must decide … Read More
Burton Malkiel: The Nonsense Of Relying On Very High Long-Term Growth Rates
In his book – A Random Walk Down Wall Street, Burton Malkiel discusses the nonsense of relying on very high long-term growth rates. Here’s an excerpt from the book: The catch (and doesn’t there always have to be at least one, if not twenty-two?) is that dividend growth does not … Read More