Here is a review left by a customer on a product. Would you say he was satisfied or dissatisfied?
Title: Amusing Ivory Tower Jumble
Review: The classic layman's read on "Efficient Market Hypothesis" mumbo-jumbo. Towards the end, when Malkiel advised mutual fund investing and badmouthed ETFs, I checked his bio, and yup, turns out he's out of Vanguard. He's a mutual fund shill. Makes me think of the funny quote from Gordon Gekko in the movie Wall Street: "Ya know why mutual fund managers can never beat the the S&P; 500? Cuz they're sheep, and sheep get slaughtered."Read "When Genius Failed" by Roger Lowenstein to see how EMH disciples create havoc.This book is worth reading for aficionados, but only in a Sun Tzu kind of know-your-enemy way.The gushing reviews that Random Walk receives baffles all common sense.
