Burton Malkiel - Applying 'A Random Walk' to the World Today | #483

<p>Today’s guest is Dr. Burton Malkiel, a legendary economist, Chief Investment Officer of Wealthfront, and author of one of the most widely read investment books ever, <a href= "https://amzn.to/3pfstHt">A Random Walk Down Wall Street</a>, which recently came out in the 50^th edition.<span class= "Apple-converted-space"> </span></p> <p>In today’s episode, Dr. Malkiel shares what’s changed in the latest update of his book, touching on the role of bonds given higher yields today, the impact of inflation, and why it may be time to consider adding I Bonds to your portfolio.<span class= "Apple-converted-space"> </span></p> <p>Then we talk about some current investment trends. He pushes back on the ESG-craze, discusses the recent underperformance of risk parity, and suggests you look at your portfolio to be sure you aren’t overallocated to US stocks today.<span class= "Apple-converted-space"> </span></p> <p>-----</p> <p>Follow Meb on <a href= "https://twitter.com/MebFaber"><strong>Twitter</strong></a><strong>,</strong> <a href= "https://www.linkedin.com/in/mebanefaber/"><strong>LinkedIn</strong></a> and <a href= "https://www.youtube.com/channel/UCKvWzzrVUA_DSCoKXL6GU2w?sub_confirmation=1"> <strong>YouTube</strong></a></p> <p>For detailed show notes, click <a href= "https://mebfaber.com/2023/05/31/burton-malkiel/"><strong>here</strong></a></p> <p>To learn more about our funds and follow us, subscribe to our <a href= "https://theideafarm.us1.list-manage.com/subscribe/post?u=6750faf5c6091bc898da154ff&id=7249739cdb"><strong>mailing list</strong></a><strong> </strong>or visit us at <a href= "http://www.cambriainvestments.com/"><strong>cambriainvestments.com</strong></a></p> <p>-----</p> <p>Today's episode is sponsored by <a href= "https://go.ycharts.com/meb2023">YCharts</a>.  YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. YCharts offers a suite of intuitive tools, including numerous visualizations, comprehensive security screeners, portfolio constructio