Andrew Weiss (economist)
Encyclopedia
Andrew M. Weiss is Founder and Chief Executive Officer of Weiss Asset Management, a Boston-based investment firm, and Professor Emeritus Boston University
.
in 1968 with a BA in Political Economy
. In 1977, he received his PhD in Economics from Stanford University
.
, as well as a Research Economist in the Mathematics Center at Bell Laboratories. He has served as a consultant to the World Bank
and the United States National Research Council
, the research arm of the United States National Academy of Sciences
. In 1989, Weiss was elected a Fellow of the Econometric Society
. The Nobel Prize in Economics to Joseph Stiglitz in 2001 cited Weiss' research with Stiglitz as having had "a substantial impact in the domains of corporate finance, monetary theory and macroeconomics." As of October 2008, Weiss was ranked in the top 2 percent of published economists by the number of citations to his papers.
, proclaimed Weiss to be "one of the most brilliant money managers that I know." Bruce Greenwald
, the Robert Heilbrunn Professor of Finance and Asset Management at Columbia University and author of Value Investing
, said of Weiss in an interview with The Motley Fool, "If I had one person to pick and one guy to put the money in, I would pick him." Robert Solow
, a Nobel Prize Laureate in Economics and an Institute Professor at MIT, said at a press conference on March 15, 2005 "[Weiss] is a significant person among US economists. I have known him personally for 30 years and I have the highest respect for him." Laurence Kotlikoff
, Professor of Economics at Boston University, was quoted in The Boston Globe
article Nighmare in Prague as saying Weiss is "a brilliant economist, and he’s an outstanding investor. He's scrupulously honest, and I'd trust him with anything".
, the Advisory Board, Center of Development Economics at Williams College the Board of Directors of International Action, and is a member of the Clinton Global Initiative.
, where they have raised their three daughters, Annie, Kara, and Judith.
Boston University
Boston University is a private research university located in Boston, Massachusetts. With more than 4,000 faculty members and more than 31,000 students, Boston University is one of the largest private universities in the United States and one of Boston's largest employers...
.
Early Years and Education
Weiss was born in New York in 1947. He graduated with Honors from Williams CollegeWilliams College
Williams College is a private liberal arts college located in Williamstown, Massachusetts, United States. It was established in 1793 with funds from the estate of Ephraim Williams. Originally a men's college, Williams became co-educational in 1970. Fraternities were also phased out during this...
in 1968 with a BA in Political Economy
Political economy
Political economy originally was the term for studying production, buying, and selling, and their relations with law, custom, and government, as well as with the distribution of national income and wealth, including through the budget process. Political economy originated in moral philosophy...
. In 1977, he received his PhD in Economics from Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
.
Academic career
Weiss began his career in 1976 as an Assistant Professor at Columbia UniversityColumbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
, as well as a Research Economist in the Mathematics Center at Bell Laboratories. He has served as a consultant to the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
and the United States National Research Council
United States National Research Council
The National Research Council of the USA is the working arm of the United States National Academies, carrying out most of the studies done in their names.The National Academies include:* National Academy of Sciences...
, the research arm of the United States National Academy of Sciences
United States National Academy of Sciences
The National Academy of Sciences is a corporation in the United States whose members serve pro bono as "advisers to the nation on science, engineering, and medicine." As a national academy, new members of the organization are elected annually by current members, based on their distinguished and...
. In 1989, Weiss was elected a Fellow of the Econometric Society
Econometric Society
The Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
. The Nobel Prize in Economics to Joseph Stiglitz in 2001 cited Weiss' research with Stiglitz as having had "a substantial impact in the domains of corporate finance, monetary theory and macroeconomics." As of October 2008, Weiss was ranked in the top 2 percent of published economists by the number of citations to his papers.
Professional career
Andrew Weiss is the Founder and current Chief Executive Officer of Weiss Asset Management, a Boston-based investment firm. Weiss and the investment strategies of Weiss Asset Management have been the subject of numerous U.S. and European newspaper and magazine articles, including features in Forbes, Outstanding Investor Digest, Micropal, and The Motley Fool.In the Press
During a CNBC program, Michael Metz, the Chief Investment Strategist for Oppenheimer HoldingsOppenheimer Holdings
Oppenheimer Holdings is an investment bank and full-service investment firm offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide...
, proclaimed Weiss to be "one of the most brilliant money managers that I know." Bruce Greenwald
Bruce Greenwald
Bruce Corman Norbert Greenwald OP, , is a professor at Columbia University's Graduate School of Business and Director of Research at FirstEagle Funds. He is, among others, the author of the books Value Investing: from Graham to Buffett and Beyond and Competition Demystified: A Radically Simplified...
, the Robert Heilbrunn Professor of Finance and Asset Management at Columbia University and author of Value Investing
Value investing
Value investing is an investment paradigm that derives from the ideas on investment and speculation that Ben Graham and David Dodd began teaching at Columbia Business School in 1928 and subsequently developed in their 1934 text Security Analysis...
, said of Weiss in an interview with The Motley Fool, "If I had one person to pick and one guy to put the money in, I would pick him." Robert Solow
Robert Solow
Robert Merton Solow is an American economist particularly known for his work on the theory of economic growth that culminated in the exogenous growth model named after him...
, a Nobel Prize Laureate in Economics and an Institute Professor at MIT, said at a press conference on March 15, 2005 "[Weiss] is a significant person among US economists. I have known him personally for 30 years and I have the highest respect for him." Laurence Kotlikoff
Laurence Kotlikoff
Laurence Jacob Kotlikoff is a William Warren FairField Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Research Associate of the National Bureau of Economic Research, a Fellow of the Econometric Society, a...
, Professor of Economics at Boston University, was quoted in The Boston Globe
The Boston Globe
The Boston Globe is an American daily newspaper based in Boston, Massachusetts. The Boston Globe has been owned by The New York Times Company since 1993...
article Nighmare in Prague as saying Weiss is "a brilliant economist, and he’s an outstanding investor. He's scrupulously honest, and I'd trust him with anything".
Other Involvements
In addition to his professional and academic activities, Weiss currently serves on the Board of Trustees American Jewish World ServiceAmerican Jewish World Service
American Jewish World Service is a nonprofit international development organization, founded in 1985, which supports community-based organizations in 35 countries in the developing world and works to educate the American Jewish community about global justice...
, the Advisory Board, Center of Development Economics at Williams College the Board of Directors of International Action, and is a member of the Clinton Global Initiative.
Personal life
Dr. Weiss and his wife Bonnie live in Brookline, MassachusettsBrookline, Massachusetts
Brookline is a town in Norfolk County, Massachusetts, United States, which borders on the cities of Boston and Newton. As of the 2010 census, the population of the town was 58,732.-Etymology:...
, where they have raised their three daughters, Annie, Kara, and Judith.