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David Darst

author Image David Darst is a managing director and chief investment strategist of Morgan Stanley Smith Barney. He is also the author of “The Little Book That Saves Your Assets: What the Rich Do to Stay Wealthy in Up and Down Markets” (John Wiley & Sons, 2008).


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Areas of Expertise: asset allocation, investment strategy

Website: www.morganstanley.com

Books: “The Art of Asset Allocation,” “Mastering the Art of Asset Allocation,” “Benjamin Graham on Investing,” “The Little Book that Saves Your Assets,” “Voyager 3: Fifty-Four Phases of Feeling

Topics Presented in Speeches: asset allocation, investment strategy

Biography:
David M. Darst, CFA, is a managing director and chief investment strategist of Morgan Stanley Smith Barney with responsibility for asset allocation and investment strategy, and he was the founding president of the Morgan Stanley Investment Group. He joined Morgan Stanley in 1996 from Goldman Sachs, where he held senior management posts within the equities division and earlier, for six years as resident manager of the company’s private bank in Zurich.

Darst is the author of “The Complete Bond Book” (McGraw-Hill, 1975), “The Handbook of the Bond and Money Markets” (McGraw-Hill, 1975) “The Art of Asset Allocation, Second Edition” (McGraw-Hill, 2008) and “The Little Book That Saves Your Assets” (John Wiley & Sons, McGraw-Hill, 2008), which has ranked on the bestseller lists of The New York Times and Businessweek.  He also provided commentary for “Benjamin Graham on Investing” (McGraw-Hill, 2009). His financial works have been translated into Chinese, Japanese, Russian, German, Korean, Italian, Indonesian, Norwegian and Vietnamese. In 2012, Seapoint Books published his seventh book, “Voyager 3: Fifty-Four Phases of Feeling,” which contains his creative writing.

Darst appears frequently on CNBC, Bloomberg, FOX, PBS and other television channels, and has contributed numerous articles to Barron’s, Euromoney, The Money Manager, Forbes.com, The Yale Economic Review and other publications. He broadcasts and writes extensively on asset allocation in the firm’s biweekly Investment Strategy and Asset Allocation Commentary and in the Morgan Stanley Smith Barney monthly publication Asset Allocation and Investment Strategy Digest, the predecessors of which he launched in 1997.

Darst earned his MBA from Harvard Business School and was awarded a B.A. in economics from Yale University. Darst has lectured extensively at Wharton, Columbia, INSEAD and New York University business schools, and for nine years, Darst served as a visiting faculty member at Yale College, Yale School of Management, and Harvard Business School. Darst is a CFA charterholder and a member of the New York Society of Security Analysts and the CFA Institute.
 

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  1. Portfolio Strategies »

    Using Asset Allocation for Protection and Growth

    Asset allocation involves both protecting assets and preserving purchasing power. Both can be accomplished through a balance of growth and defense.

    June 2012 | Journal