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Burton G. Malkiel is an esteemed American economist and a professor of economics at Princeton University. He is best known for his seminal work, "A Random Walk Down Wall Street," which popularized the idea that stock market prices are unpredictable and that passive index investing is often more effective than active management. Malkiel's contributions to finance and investing theory have been significant, and he co-authored "The Elements of Investing," further advocating for simple, cost-effective investment strategies. His work has had a profound influence on both academic finance and practical investment approaches.
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