A Billionaire and an Oscar Winner Have Made a Hit Movie. It’s About Investing.

David Booth went to graduate school because he wanted to get a Ph.D. and become a professor.

What he learned was how to make a fortune as an entirely new kind of investor.

When he was a student at the University of Chicago a half-century ago, his teachers were future Nobel Prize winners whose curious ideas about financial markets would transform the way people think about money. Their lectures were rough drafts of the papers that showed how ordinary investors who barely touched their boring portfolios could outperform professional managers and famed stock pickers after fees and expenses. And that innovative and counterintuitive research on market efficiency would one day fuel the rise of passive investing.

It would also change Booth’s life.