No. of Recommendations: 1
Your quote misrepresents Malkiel's discussion of theories about how the market works. When you have time read the book. True he likes index funds and writes about efficient markets, but he also invests in stocks. He offers a few ideas to help pick good ones.

His views and reports of research will challenge many investors ideas on how the market works. But that might move them to refine their own thinking not adopt his.

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