What do you know about Burton Malkiel? Unless you’ve studied his investing techniques in a college class or are a follower of his techniques, you may not know who he is. It’s safe to say he’s a pretty accomplished economist, not to mention the author, but there’s more to the story, too. How did you get to where you are today? What kinds of challenges did you have to overcome to get there? If you are interested in learning more about your investment methods or how to achieve your own goals, regardless of what they are, you should read on. Here are 10 things you probably don’t know about him that might surprise you.
1. went to Harvard twice
Most people would feel lucky to get to Harvard once. It was twice, once for his bachelor’s degree and once for his master’s degree.
2. Had quite a unique experience in high school.
He also went to high school in a place that naturally lends itself to quite a unique experience. The name of the school was Boston Latin School. As the name implies, it was more of a preparatory school where students were allowed to learn things that they would not otherwise learn in a typical public high school. While some students spent most of their days fooling around, he took advantage of his time and learned all he could. By the time he graduated, he already knew where he wanted to go to continue his education and had everything online to do exactly that, proving that being prepared and putting in the effort on a daily basis are key components to achieving virtually any goal. in the life.
3. Loves to combine academics and economics.
The one thing he wasn’t sure of at a young age was exactly where he wanted to put his experience once he finished school. At first, he decided to venture into business, but soon realized he missed academia. As such, he decided to combine his love of economics and academia, working to help schools like those he had attended operate more efficiently while also serving on a series of boards of directors that served both the business and academic world.
4. You have been married twice
He was married for the first time in 1954. He and his wife had a child together, a son. Sadly, his wife passed away in 1987. The following year, he married his second wife, who happened to be working in an administrative capacity at Princeton University. This is where the two met, but more on that will be discussed in the next paragraph.
5. He also attended Princeton University.
As you may have already guessed, he did attend Harvard and Princeton University. As mentioned above, he went to Harvard University to get his Bachelor’s and Master’s degrees, but then went to Princeton to get his Ph.D. As discussed in the previous paragraph, this is where he met his second wife, who had just started working there a year before their marriage.
6. He is an accomplished author
In the 1970s, he wrote a book called “A Random Walk Down Wall Street. These were passive investing, something that was a completely new technique at the time. Last year, this book was in its twelfth edition and remains popular with business professionals and non-professional investors alike.
7. You have a tendency to see things from a different perspective.
Clearly, you don’t tend to see things in exactly the same way that most people do. If he had, he would never have discovered passive investing techniques, nor would he have written an entire book on the process. One of the most interesting things about him is that he takes the time to thoroughly research and understand the subject and then develop his own thoughts on how it should be handled from then on. He does not have the tendency to simply adapt to a herd mentality where everyone thinks the same way and does the same thing. Instead, understand that to get different results, things will need to be done differently.
8. You know what it’s like to be fired by your peers.
Although it is quite popular in today’s world, it was not always like this. In fact, when he first wrote his book in the 1970s, almost all of his peers rejected it outright. In truth, most people thought he was completely insane. They didn’t think his techniques would work and they thought he was crazy to publish a book made available to the general public saying they would. In fact, it took him several years to regain the respect he lost simply by expressing his views on passive investing.