David Booth
Overview
- Source of Wealth
- Mutual funds
- Industry
- Finance & Investments
- Residence
- Austin, Texas
- Organization
- Chairman and CEO at Dimensional Fund Advisors
- Education
- University of Kansas (Bachelor of Arts/Science)University of Kansas (Master of Science)
- Marital Status
- Married
Biography
When David Booth cofounded Dimensional Fund Advisors in 1981, he began a decades-long experiment in applying academic theory to real-world investing.
His former professor Eugene Fama authored the efficient markets hypothesis, which argues that it's impossible to consistently beat the market.
In light of Fama's research, Booth eschewed stock picking and focused on offering investors low-cost, passive mutual funds.
Dimensional manages $777 billion in assets, most of which is steered via hand-vetted financial advisors.
Booth joined the Giving Pledge in 2018, committing to donate at least half of his wealth to charity.
About
Booth paid $4.3 million for James Naismith's original rules of basketball, written in 1891, which is now displayed at the University of Kansas.
In 2008, Booth donated $300 million to the University of Chicago, which is still the largest gift in its history.