The Rational Reminder Podcast · Thursday, August 27, 2026
David Booth, co-founder of Dimensional Fund Advisors, shared insights into the company's business philosophy, which he believes stems from the lesson of always doing the right thing, even if it means not making a sale. This approach, he explained, is crucial for long-term success, especially when combined with a solid scientific basis for investment strategies.
“Has nothing to do with the investment philosophy, but has everything to do with the business philosophy. Do the right thing and sometimes you don't have the right shoe or whatever. You're not what people are looking for and that's fine too. Just be upfront with people and over the long haul, if you have a good scientific basis for what you're doing and you have a good argument, then you'll be fine. You won't convince everybody, and that's okay too.”
“Even as a lowly shoe salesman, I knew that some shoes were made better than others and, you know, as long as you're upfront with it, you know, sometimes the lower cost shoe is really the more expensive one.”