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Malkiel on Well-Packaged Stupidity… Learning From Legends

400 300 Charles Weeks

Burton Malkiel, economist and author of the book, “A Random Walk Down Wall Street,” once said that:

“Stupidity well packaged can sound like wisdom.”

I think he was onto something. The NIFTY FIFTY, the NEW ECONOMY, and Wall Street models that factored in real estate prices never declining are just a few examples of well-packaged stupidity. It is important to not let ourselves get “caught up” in the euphoria of the times, doing so will be detrimental to our current and future financial position.

Charles Weeks

Charles Weeks

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