50 Fires: Money and Meaning with Carl Richards
Dimensional Fund Advisors Co-Founder David Booth on The Birth of Modern Finance and Embracing Uncertainty in Investing
Jun 26, 2024
David Booth, co-founder of Dimensional Fund Advisors, discusses the birth of modern finance, embracing uncertainty in investing, and the importance of randomness. Reflects on early memories of money and the growth of Dimensional. Talks about a new documentary by Errol Morris and the impact of childhood experiences on financial decisions.
49:34
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Quick takeaways
- David Booth revolutionized investing by emphasizing uncertainty and adaptability.
- Booth's early financial struggles shaped his values, prioritizing integrity and personal fulfillment.
Deep dives
David Booth's Impact on the Finance World
David Booth, co-founder of Dimensional Fund Advisors, is known for revolutionizing investing. Through his work, including with Nobel Prize winners like Gene Fama, he reshaped how we view investing and money. Booth's contributions to financial science have altered investment strategies, emphasizing the unpredictability of the future and the need for adaptive approaches.
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