Burton G. Malkiel, Chemical Bank Chairman’s Professor of Economics Emeritus at Princeton University, has been a popular teacher of generations of Princeton students and is responsible for a revolution in the field of investment management. His book, A Random Walk Down Wall Street (1973), used new research on asset returns and the performance of asset managers to recommend that all investors use passively managed “index” funds as the core of their investment portfolios. At the time, there were no publicly available index funds, and investment professionals loudly decried the idea. Today, indexing has been adopted around the world. Random Walk was published in a 12th edition in 2020. It has sold more than 1.5 million copies, has been translated into eleven languages, and is widely regarded as one of the most influential books in the history of the field of investment management. Professor Malkiel has served as president of the American Finance Association and has received lifetime achievement awards from professional investment organizations. He served as Dean of the Yale School of Management during the 1980s. He is a fellow of the American Philosophical Society, and twice has chaired the Department of Economics at Princeton and Princeton’s Financial Research Center, a precursor of today’s Bendheim Center for Finance. He served as a member of the President’s Council of Economic Advisers during the administration of President Gerald R. Ford.