CBS MoneyWatch: Index Investing Pioneer David Booth Offers Advice for Investors
Aimee Picchi of CBS MoneyWatch spoke with David Booth about his message for investors: Stay calm and keep investing.
In the article, Picchi details the early days of Booth’s journey, when he was a student of economist and future Nobel laureate Eugene Fama at the University of Chicago. As he continued to progress in his career, Booth says he began to think, “If the experts couldn’t reliably win, it begged a larger question: How should you invest?”
This major insight led to the development of passive investing strategies and the first index funds, an approach that provided broad market diversification along with limited trading and lower fees. The article discusses why, with over five decades in the industry, Booth has written his debut book now. He says he wanted to inspire investors to be optimistic, accept uncertainty, and find comfort in the fact that we are not meant to outsmart the market, but to trust it.
Read the rest of the interview here.
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