For the first time in years, David Booth’s old-school views on investing are back in fashion.
The co-founder of quant giant Dimensional Fund Advisors LP—whose name adorns the University of Chicago’s famed business school after a $300 million donation in 2008—is finding a receptive audience for his belief that value investing will win out in the long haul — just like the academics said it would.
Having cratered in last year’s pandemic-fueled crash, the strategy of buying cheap equities just notched the best quarterly outperformance in 20 years. And after long resisting the passive boom, the Austin, Texas-based firm with $637 billion under management is suddenly busy hoovering up assets across its exchange-traded funds.
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