David Booth: ‘Usually the Great Ideas Start Out as Small Ideas and Then You Build on Them’

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 29 April 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

The DFA chairman and co-founder reflects on the Tune Out the Noise documentary and the revolution in modern finance.

Transcript

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0:27.6	Learn more at Schwab.com slash trading.
0:30.0	Please stay tuned for important disclosure information at the conclusion of this episode.
0:36.1	Hi and welcome to the Longview.
0:38.0	I'm Christine Ben's Director of Personal Finance
0:40.3	and Retirement Planning for Morning Star.
0:42.7	And I'm Amy Arnott, Portfolio Strategist for Morning Star.
0:46.5	Our guest on the podcast today is David Booth.
0:49.5	He's the chairman of Dimensional Fund Advisors,
0:52.1	a firm he founded in 1981. David led Dimensional as CEO and later co-CEO until 2017, when he stepped back from the daily management of the firm.
1:03.0	David helped create one of the world's first index funds in the 1970s and launched the first passively managed small company strategy in the early 1980s. He received a
1:13.3	bachelor's degree in economics in 1968 and a master's degree in business in 1969 from the
1:19.4	University of Kansas. In 1971, he received an MBA from the University of Chicago. Over the years,
1:26.1	David has been a benefactor to both schools, and the University of Chicago Bo Over the years, David has been a benefactor to both schools,
1:28.5	and the University of Chicago Booth School of Business is named in David's honor.
1:33.1	David, welcome to the Longview.
1:35.2	Oh, thank you. Thanks for having me.
	...

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