David Booth: 45 Years to $1 Trillion at Dimensional | #646
For wealth professionals, the episode offers historical context on index and factor-based investing and on how Dimensional built advisor education and partnerships. It also touches on how one long-tenured manager frames AI investing and long-term decision-making.
Summary
By the etfs deskDavid Booth discusses Dimensional Fund Advisors' path from early indexing work at Wells Fargo to managing over $1 trillion. The episode covers the Fama-French three-factor model, Dimensional's advisor education and partnerships, small cap value performance, AI investing and compounding over 45 years.
- Booth studied under Eugene Fama and helped build one of the first index funds at Wells Fargo.
- Dimensional now manages over $1 trillion and crossed that level this year.
- The episode covers the Fama-French three-factor model, small cap value performance and Dimensional's advisor partnerships.
- Booth compares AI investing to the California gold rush and closes by making the case for judging yourself by decisions, not outcomes.
Chapters
From the publisher’s description| Time | Chapter | Length |
|---|---|---|
| Introduction | 1 min | |
| David Booth's start to investing | 3 min | |
| The beginnings of index funds and early challenges at Dimensional | 7 min | |
| Long-term investment perspectives and the Fama-French three-factor model | 7 min | |
| Dimensional’s educational focus and advisor partnerships | 3 min | |
| Small cap value performance, AI & market trends | 3 min | |
| Symbolism of bankrupt stock certificates and lessons on diversification | 2 min | |
| Compounding for 45 years | 5 min | |
| David's passion for Kansas basketball | 8 min |
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