Investment Committee Member
Professor Burton G. Malkiel is the Chemical Bank Chairman’s Professor of Economics, Emeritus, and a Senior Economist at Princeton University. A prolific author and highly respected voice in the investment industry, Professor Malkiel has written hundreds of scholarly articles and opinion pieces in publications such as The Financial Times, The New York Times, and The Wall Street Journal, and has authored no less than 17 books. Among those is the investment classic, A Random Walk Down Wall Street. Now in its 10th edition, this seminal work has sold more than 1.5 million copies and has played an important role in encouraging the use of low-cost, diversified “index funds” by institutional and individual investors. These are fundamental components of the Rebalance investment platform and methodology.
A deeply knowledgeable and sought-after economist, Professor Malkiel served on the boards of several major corporations, including The Vanguard Group — where he served for more than 25 years as a key member of its Board of Directors. He also was on the boards of Prudential Insurance Company, The American Stock Exchange, and The Pew Charitable Trusts and was a member of President Gerald R. Ford’s Council of Economic Advisors.
An accomplished scholar, Professor Malkiel received his B.A. in economics, Phi Beta Kappa, from Harvard University. He has an M.B.A. from Harvard Business School and a Ph.D. in economics and finance from Princeton University. He has long held professorships in economics at Princeton, where he was Chairman of the Economics Department. He was Dean of the Yale School of Management, and a past President of the American Finance Association and the International Atlantic Economic Association.
Despite his myriad accomplishments and professional experiences, there has been one unwavering constant in Professor Malkiel’s career: his passionate belief that the power and efficiency of low-cost, diversified, and well-balanced index-based investing should be available to all American families, regardless of income or economic status. It was this passion that led him to write A Random Walk Down Wall Street 39 years ago, and it is the same passion that makes him a part of our team today.