Doesn't this contradict his support for index funds in his book A Random Walk Down Wall Street?

FORBES: About Burton Malkiel

In his 1973 book A Random Walk Down Wall Street, economist and Princeton University professor Burton G.

FORBES: About Burton Malkiel

It was Burton Malkiel, author of A Random Walk Down Wall Street , the classic on efficient financial markets.

FORBES: Advice For New Graduates

Forbes: Can you describe your investment strategy in this type of market, and is it the same strategy that you chronicled in your book A Random Walk Down Wall Street?

FORBES

Famously, author and investing legend Burton Malkiel suggested in A Random Walk Down Wall Street that you could get monkeys to toss darts at the financial listings in a newspaper and do just as well as a pro stock picker.

FORBES: Are You Smarter Than a House Cat?

Gary Shilling, editor of Insight, looks at the economy and the financial sector and remains a bear with claws, while Burton Malkiel, author of A Random Walk Down Wall Street, counters that trying to predict the market is folly--even though he's a huge bull on China!

FORBES: Special Report

He made his big splash in 1973 with his best-selling takedown of stock-picking, A Random Walk Down Wall Street, in which he illustrated the futility of accurately predicting future stock prices, noting how a blindfolded chimpanzee throwing darts at the stock page of a newspaper could pick winners as well as a Wall Street professional.

FORBES: Burton Malkiel Advises Running From Bonds Into Dividends, Emerging Markets