David G. Booth
David G. Booth | |
|---|---|
| Born | |
| Alma mater | Kansas University (B.A., M.S.) University of Chicago (M.B.A.) |
| Occupation(s) | Co-founder and CEO, Dimensional Fund Advisors |
David G. Booth is co-founder and CEO of Dimensional Fund Advisors. In 2008 he gave $300 million to the University of Chicago Graduate School of Business, which is the largest donation ever given to a business school.[1] It has been renamed the University of Chicago Booth School of Business. He earned his MBA degree from the school in 1971.[2] Booth grew up in Lawrence, Kansas.[3]
Career
He graduated from Lawrence High School in Lawrence, Kansas and then received a B.A. in economics in 1968 and an M.S. in business in 1969 from the University of Kansas, also located in Lawrence.[4] He then enrolled at the University of Chicago GSB in 1969 as a doctoral student, leaving in 1971 with an M.B.A. degree. He was a research assistant to Eugene Fama, and met his future business partner, Rex Sinquefield at the school.[5]
After pioneering index fund investing at Wells Fargo Bank, he joined with Sinquefield in 1981 to form Dimensional Fund Advisors. The fund focuses on investment strategies in "small" (low capitalization) stocks, as well as "value" (low price/book ratio) and non-U.S. stocks. The firm, which is privately held, manages about $160 billion.
The University of Chicago basically plucked me out of Kansas and put me on this trajectory ...Sometimes I wonder, why me? But it happened.
— David Booth[5]
He has published several academic articles including "Diversification Returns and Asset Management" with Eugene Fama. The article won the 1992 Graham and Dodd Award of Excellence from the Financial Analysts Journal.[6]
David Booth has served on many institutional boards, including as a Governor of the Kravis Leadership Institute and the UCLA Foundation; as a Trustee of the American Academy in Rome and the Paintings Conservation Council of the J. Paul Getty Trust; as a Trustee of the University of Chicago;[6] and as a Trustee of the University of Kansas Endowment Association.[7]
Family
He married Suzanne Deal Booth in 1988. The couple has two children, Erin Deal Booth and David Chandler Booth.[8]
References
- ^ Bradshaw, Della (November 7, 2008). "Chicago gets $300m naming gift". Financial Times. Retrieved November 7, 2008.
- ^ Burns, Greg (November 6, 2008). "U of C graduate business school to be renamed after $300M gift". chicagotribune.com. Chicago Tribune. Retrieved November 6, 2008.
{{cite news}}: Cite has empty unknown parameter:|coauthors=(help) - ^ Morse, Libby (November 6, 2008). "The True Believer: David Booth, '71, proves his Chicago smarts by refusing to out-think the market". Chicago GSB Magazine www.chicagogsb.edu. University of Chicago Booth School of Business. Retrieved November 7, 2008.
{{cite news}}: Cite has empty unknown parameter:|coauthors=(help) - ^ Hyland, Andy (November 8, 2008). "KU alumnus gives $300M to Chicago business school". Lawrence Journal-World. World Corporation. Retrieved November 8, 2008.
{{cite news}}: Cite has empty unknown parameter:|coauthors=(help) - ^ a b Guth, Robert (November 6, 2008). "University of Chicago Business School Gets $300 Million Gift". The Wall Street Journal. Dow Jones, Inc. Retrieved November 6, 2008.
{{cite news}}: Cite has empty unknown parameter:|coauthors=(help) - ^ a b "Commission Members: David G. Booth". California Commission for Jobs and Economic Growth. 2008. Retrieved November 7, 2008.
{{cite news}}: Cite has empty unknown parameter:|coauthors=(help) - ^ DFA biography "David G. Booth, Chief Executive Officer". Dimensional Fund Advisors. Retrieved November 7, 2008.
{{cite web}}: Check|url=value (help); Cite has empty unknown parameter:|coauthors=(help) - ^ Morse, Libby (November 6, 2008). "The Family Ethos: Suzanne Deal Booth". Chicago GSB Magazine. University of Chicago Booth School of Business. Retrieved November 7, 2008.
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