Richard Bookstaber Biography

Richard Bookstaber, a renowned expert on financial reform and market behavior, has been hailed by The New York Times as one of Wall Street's "rocket scientists" for his accurate observations of current economic conditions. He is the author of the influential book, A Demon of Our Own Design, which identified financial weaknesses that contributed to the recent economic crisis. Bookstaber regularly testifies before the House and Senate, advocating for greater regulation on Wall Street. With an impressive background in hedge funds, risk management, and investment banking, he has worked at top firms, including Bridgewater Associates, FrontPoint Partners, Moore Capital Management, and Ziff Brothers Investments. He also spent ten years at Morgan Stanley in various roles, including market-risk management, proprietary trading, and derivative instruments. In addition to his books, Bookstaber has written scores of articles on finance topics ranging from option theory to risk management. He was a Fulbright Scholar and Visiting Professor at the Hebrew University of Jerusalem. He holds a Ph.D. in economics from MIT. Bookstaber has won numerous awards for his research, including the Graham and Dodd Scroll and the Roger F. Murray Award. He was also named one of the top 25 technical innovators by Conde Nast Portfolio in 2009, alongside luminaries such as Steve Jobs and Jeff Bezos.

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