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FEMBA Experience

Who would you give $300,000,000?

The UCLA Anderson Dean’s Distinguished Speaker Series today hosts David Booth, Chairman, co-CEO and co-Founder of Dimensional Fund Advisors (DFA). DFA hires more MBAs from UCLA Anderson than any other school. In November of 2008, Mr. Booth, his wife Suzanne and their family donated $300,000,000 to the University of Chicago Graduate School of Business, the largest donation in the University’s history and the largest gift to any business school in the world.

FEMBA 2015 Joseph Duronio, introduced Mr. Booth today. Joseph is in his second year in FEMBA, and is currently President of ASAM, Anderson Student Asset Management. Joseph is a practicing securities lawyer and serves as Counsel at AIG Life and Retirement, where he specializes in investment company law, federal securities law and insurance product regulation. Joe graduated from New York University in mathematics and philosophy, then received his JD with a concentration in intellectual property law from Seton Hall University School of Law.

20150127_Joe Duronio FEMBA 2015 introducing David Booth DSS
Joseph Duronio FEMBA 2015 and ASAM President, introducing David Booth

Here is Dean Olian interviewing David Booth.

Dean Judy Olian and David Booth co-CEO and Chairman of Dimensional Fund Advisors
Dean Judy Olian and David Booth co-CEO and Chairman of Dimensional Fund Advisors

And here I am, sitting next to Maz Habib, new entering FEMBA 2017, listening and blogging (Maz listening; me blogging). Mr. Booth covered creative destruction, acceptance of outcomes, comparative advantage, ‘invest until marginal cost = marginal revenue’, ‘be wary of too much formalization’, and finally, he predicts the Broncos will win Sunday.

Dylan and Maz Habib, new FEMBA 2017, in Korn Hall
Dylan and Maz Habib, new FEMBA 2017, in Korn Hall