In this series, we suggest worthwhile reading material on a variety of topics, not all of which are directly related to investing. The Big Short: Is the next financial crisis on its way? – The Guardian, November 19, 2016. Steve
Burton Malkiel, professor of economics at Princeton University, is the author of A Random Walk Down Wall Street and is currently preparing the tenth edition of the book. In a recent Financial Times interview, Mr. Malkiel insists that the data continue to indicate that markets are efficient despite the turmoil of recent years. He has found that the majority of active investors continue to underperform passive index funds over long periods of time. In addition, his research indicates that the passive approach provides better results even in emerging markets such as China. Read this article for more details and a link to the video.