Investing Pioneer David Booth Offers a Timely Guide to Navigating Uncertainty in “Stay Calm”
David Booth's Stay Calm shows why embracing uncertainty—not fearing it—is the key to successful, long-term investing.
At a time when investors are inundated with predictions, headlines, and market noise, esteemed investor David Booth offers a different message: Stay calm.
In his new book, Stay Calm: Learn to Embrace Uncertainty in Investing and Life (publishing September 1 by Authors Equity and distributed by Simon & Schuster), Booth draws from more than five decades at the forefront of a revolution in investing to show readers why uncertainty is not something to fear, but a source of opportunity. The book provides a clear and practical framework for investing with clarity and confidence. Through personal stories, lessons from financial history and insights from decades of research, Booth demonstrates how the same principles that help people navigate life’s most important decisions can apply to successful investing.
“Investing at its core is about managing uncertainty, which is something we all understand simply by living our lives. Investing may seem complex. But so is life,” says Booth. “I wrote Stay Calm because if people learn more about how public markets work, markets will work better for them. I want people to have a better investment experience—rooted not in predictions or market timing, but in the science of how markets actually work.”
Stay Calm argues that uncertainty is something people should embrace rather than avoid. It’s why stocks have higher expected returns than bonds. It’s also why people are rewarded for taking a new job, starting a family, or going off in a new direction. You don’t know where you’ll end up but having guiding principles and a vision for what you want can help you learn to manage your reaction to uncertainty rather than be consumed by it.
Stay Calm also chronicles Booth’s role during key moments in the history of modern finance, including his work with Nobel Prize-winning economists Eugene Fama, Merton Miller, Myron Scholes, Robert Merton and Douglas Diamond, as well as playing a leading role in the creation of indexing and factor investing, founding $1 trillion investment manager Dimensional, and working alongside financial advisors to help transform financial advice.
Warm and full of illuminating personal anecdotes, Stay Calm provides everyday investors with a guide for taking the first step in their financial journey, including how to assess their tolerance for risk and what questions to ask financial professionals.
Stay Calm is currently available for preorder at Amazon, Barnes & Noble, Bookshop.org and other booksellers.
Disclosures
Eugene Fama is a member of the Board of Directors of the general partner of, and provides consulting services to, Dimensional Fund Advisors LP. Robert Merton provides consulting services to Dimensional Fund Advisors LP. Douglas Diamond is an independent director of the Dimensional ETF Trust and Dimensional’s US Mutual Fund Boards.
Risks include loss of principal and fluctuating value.
CANADA
These materials have been prepared by Dimensional Fund Advisors Canada ULC.
This material is not intended for Quebec residents.
Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
Resources
