Education
PhD, Massachusetts Institute of Technology, 1971; BA, Columbia University, 1967
Career and Recent Professional Awards; Teaching Awards
Best Business School Professor in worldwide ranking, Business Week, 1994; Lindback Award (outstanding university teaching), 2002; Helen Kardon Moss Anvil Award (outstanding MBA teaching),1996, 2005; David W. Hauck Award for Outstanding Teaching (Wharton Undergraduate); Best Article, Graham and Dodd Award, Financial Analysts Journal, 1993; Best Article, Peter Bernstein and Frank Fabozzi Award, The Journal of Portfolio Management, 2000; The prestigious Nicholas Molodovsky Award by the Chartered Financial Analysts Institute to “those individuals who have made outstanding contributions of such significance as to change the direction of the profession and to raise it to higher standards of accomplishment,” in May 2005
Academic Positions Held
Wharton: 1976-present (named Russell E. Palmer Professor of Finance, 1998). Previous appointment: Graduate School of Business, University of Chicago, 1972-76
Other Positions
Academic Director, Securities Industry Association Institute; Senior Investment Strategy Advisor, Wisdom Tree Investments, Inc.; Investment Advisory Committee, Zeneca Inc.
