The Rational Reminder Podcast · Thursday, August 27, 2026
David Booth described his transformative experience studying under Eugene Fama at the University of Chicago, where he was introduced to groundbreaking research on market efficiency. He recalled the stimulating environment of weekly research presentations and Fama's mentorship, which profoundly shaped his understanding of finance.
“So one day I'm in Kansas, the next day I'm in Gene Fama's class, studying all this stuff, surrounded by all these professors, several of whom went on to get Nobel prizes and so forth.”
“My first class, you know, with Gene Fama, turned out to be my mentor. He explained how markets work and was also sensible. I go, that must be the way it works.”
“People looking at research results and saying, well, maybe what if you tried to do it this way instead of that way?”