David Martin Darst, CFA, is an American financier, educator, and author. For 17 years, he was a Managing Director and Chief Investment Strategist of Morgan Stanley Wealth Management, where he served as Vice Chairman of the Morgan Stanley Wealth Management Global Investment Committee. He was the founding President of the Morgan Stanley Investment Group, and the founding Chairman of the Morgan Stanley Asset Allocation Committee. Since 2014, he has served as an independent Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee.
Darst was born in Knoxville, Tennessee, the third of five sons born to Guy Bewley Darst and Susan Mary McGinnis Darst. Darst attended Father Ryan High School in Nashville, TN and earned a high school diploma from Phillips Exeter Academy, a BA degree in Economics from Yale University, and an MBA from Harvard Business School.
Lecturing and professional associations
Darst has lectured at Wharton, Columbia University, INSEAD, and New York University business schools, and for nine years, Darst served as a visiting faculty member at Yale College, Yale School of Management, and Harvard Business School. He serves on the Investment Committee of the Phi Beta Kappa Foundation, and is a CFA Charterholder and a member of the New York Society of Security Analysts and the CFA Institute. On November 3, 2011 at the Metropolitan Club in New York, Darst was inducted by Quinnipiac University into their Business Leaders Hall of Fame.
Media appearances and publications
Darst has been profiled and/or quoted by The New York Times, Wall Street Journal, Financial Times, Barron's, Worth magazine, and the Yale Economic Review. Darst has also been an occasional contributor of articles to Forbes.com.
- The Complete Bond Book (McGraw-Hill ISBN 0-07-017390-7)
- The Handbook of the Bond and Money Markets (McGraw-Hill ISBN 0-07-015401-5)
- The Art of Asset Allocation (McGraw-Hill ISBN 0-07-137950-9)
- The Art of Asset Allocation, Second Edition, (McGraw-Hill ISBN 0-07-159294-6)
- Mastering the Art of Asset Allocation (McGraw-Hill ISBN 0-07-146334-8)
- Benjamin Graham on Investing (McGraw-Hill ISBN 978-0-07-162142-7)
- The Little Book that Saves Your Assets (John Wiley ISBN 978-0-470-25004-4; a bestseller in the New York Times and Business Week weekly rankings)
- The Little Book that STILL Saves Your Assets (John Wiley ISBN 978-1-118-42352-3)
- Voyager 3: Fifty-four Phases of Feeling (Seapoint Books ISBN 978-0-9830622-2-6)
- Portfolio Investment Opportunities in Managed Futures (John Wiley ISBN 978-1-118-50294-5)
- Portfolio Investment Opportunities in China (John Wiley ISBN 978-1-118-50296-9)
- Portfolio Investment Opportunities in Precious Metals (John Wiley ISBN 978-1-118-50303-4)
- Portfolio Investment Opportunities in India (John Wiley ISBN 978-1-118-82425-2)
His books have been translated into Chinese, Japanese, Russian, German, Romanian, Korean, Indonesian, Italian, Norwegian, and Vietnamese.
- "Time for Optimism? Pessimism? Pick Your Gauge", by Jonathan Fuerbringer, The New York Times, March 21, 2004
- "Oops, It May Be Time to Rebalance that Portfolio", by J. Alex Tarquinio, The New York Times, May 6, 2007
- "Exotic Bets to Hedge a Portfolio", by J. Alex Tarquinio, The New York Times, October 29, 2009
- "Foreign Bonds Provide Buffer if Dollar Declines", by J. Alex Tarquinio, The New York Times, October 29, 2009
- "Into the Breach", by Glenn Ruffenach, The Wall Street Journal, December 12, 2005
- "Learn to Connect the Dots in 2005", by David Wells, Financial Times, January 11, 2005
- "Safety First", by Karen Hube, Barron's, September 15, 2008
- "Barron's Winner's Circle: Multiyear Rally is Forecast", by Lawrence C. Strauss, Barron's, September 28, 2009
- "The Outlook for Climate Change Investment", by Eileen P. Gunn, Worth August 2007
- "Interview with David Darst", by Ben Gifford, Yale Economic Review Winter/Spring 2011
- "U.S. Investors Looking Abroad Should Look to Canada", Forbes.com: March 1, 2010