David Martin Darst, CFA, is an American

financier An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital the investor usually purchases some species of property. Types of in ...

, educator, author, and triathlete. For 17 years, he was a Managing Director and Chief Investment Strategist of

Morgan Stanley Wealth Management Morgan Stanley Wealth Management is an American Multinational corporation, multinational financial services corporation specializing in Broker, retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, ...

, where he served as Vice Chairman of the Morgan Stanley Wealth Management Global Investment Committee. He was the founding President of the Morgan Stanley Investment Group, and the founding Chairman of the Morgan Stanley Asset Allocation Committee. Since 2014, he has served as an independent Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee.

Early life

Darst was born in

Knoxville, Tennessee Knoxville is a city in Knox County, Tennessee, United States, and its county seat. It is located on the Tennessee River and had a population of 190,740 at the 2020 United States census. It is the largest city in the East Tennessee Grand Division ...

, the third of five sons born to Guy Bewley Darst and Susan Mary McGinnis Darst. Darst attended

Father Ryan High School Father Ryan High School is a private Catholic Church, Catholic high school in Nashville, Tennessee. Founded in 1925 as Nashville Catholic High School for Boys, Father Ryan is located in the Roman Catholic Diocese of Nashville, Diocese of Nashvill ...

Nashville, TN Nashville, often known as Music City, is the capital and List of municipalities in Tennessee, most populous city in the U.S. state of Tennessee. It is the county seat, seat of Davidson County, Tennessee, Davidson County in Middle Tennessee, locat ...

and earned a high school diploma from

Phillips Exeter Academy Phillips Exeter Academy (often called Exeter or PEA) is an Independent school, independent, co-educational, college-preparatory school in Exeter, New Hampshire. Established in 1781, it is America's sixth-oldest boarding school and educates an es ...

, a BA degree in

Economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

from

Yale University Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...

, and an

MBA A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...

from

Harvard Business School Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...

Lecturing and professional associations

Darst has lectured at Wharton,

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

INSEAD INSEAD ( ; French: ''Institut européen d'administration des affaires'') is a non-profit business school with locations in Europe (Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE) and North America (San Francisco, USA ...

New York University New York University (NYU) is a private university, private research university in New York City, New York, United States. Chartered in 1831 by the New York State Legislature, NYU was founded in 1832 by Albert Gallatin as a Nondenominational ...

Washington State University Washington State University (WSU, or colloquially Wazzu) is a Public university, public Land-grant university, land-grant research university in Pullman, Washington, United States. Founded in 1890, WSU is also one of the oldest Land-grant uni ...

, and

Rice University William Marsh Rice University, commonly referred to as Rice University, is a Private university, private research university in Houston, Houston, Texas, United States. Established in 1912, the university spans 300 acres. Rice University comp ...

business schools, and for nine years, Darst served as a visiting faculty member at

Yale College Yale College is the undergraduate college of Yale University. Founded in 1701, it is the original school of the university. Although other Yale schools were founded as early as 1810, all of Yale was officially known as Yale College until 1887, ...

Yale School of Management The Yale School of Management (also known as Yale SOM) is the graduate school, graduate business school of Yale University, a Private university, private research university in New Haven, Connecticut. The school awards the Master of Business Admi ...

, and

. He serves on the Investment Committee of the

Phi Beta Kappa The Phi Beta Kappa Society () is the oldest academic honor society in the United States. It was founded in 1776 at the College of William & Mary in Virginia. Phi Beta Kappa aims to promote and advocate excellence in the liberal arts and sciences, ...

Foundation, and is a CFA Charterholder and a member of the New York Society of Security Analysts and the

CFA Institute The CFA Institute is a global, not-for-profit professional organization that provides investment professionals with finance education. The institute aims to promote standards in ethics, education, and professional excellence in the global investme ...

. On November 3, 2011 at the

Metropolitan Club Metropolitan Club may refer to: *Metropolitan Club (New York City), a private social club in Manhattan, New York, United States * Metropolitan Club (San Francisco), a women's club in San Francisco, California, United States * Metropolitan Club (Was ...

in New York, Darst was inducted by

Quinnipiac University Quinnipiac University ( ) is a private university in Hamden, Connecticut, United States. The university grants undergraduate, graduate, and professional degrees. It also hosts the Quinnipiac University Polling Institute. History What became ...

into their Business Leaders Hall of Fame.

Media appearances and publications

Darst has been profiled and/or quoted by ''

The New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...

'', ''

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

'', ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

'', ''

Barron's ''Barron's'' (stylized in all caps) is an American weekly magazine and newspaper published by Dow Jones & Company, a division of News Corp, since 1921. Founded as ''Barron's National Financial Weekly'' in 1921 by Clarence W. Barron (1855–19 ...

'', '' Worth'' magazine, and the ''Yale Economic Review''. Darst has also been an occasional contributor of articles to ''

Forbes.com ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The c ...

''."U.S. Investors Looking Abroad Should Look to Canada"
Forbes.com
March 1, 2010

Books

* ''The Complete Bond Book'' (McGraw-Hill ) * ''The Handbook of the Bond and Money Markets'' (McGraw-Hill ) * ''The Art of Asset Allocation'' (McGraw-Hill ) * ''The Art of Asset Allocation'', Second Edition, (McGraw-Hill ) * ''Mastering the Art of Asset Allocation'' (McGraw-Hill ) * ''Benjamin Graham on Investing'' (McGraw-Hill ) * ''The Little Book that Saves Your Assets'' (John Wiley ; a bestseller in ''The New York Times'' and ''Business Week'' weekly rankings) * ''The Little Book that STILL Saves Your Assets'' (John Wiley ) * ''Voyager 3: Fifty-four Phases of Feeling'' (Seapoint Books ) * ''Portfolio Investment Opportunities in Managed Futures'' (John Wiley ) * ''Portfolio Investment Opportunities in China'' (John Wiley ) * ''Portfolio Investment Opportunities in Precious Metals'' (John Wiley ) * ''Portfolio Investment Opportunities in India'' (John Wiley ) * ''Flim-Flam Flora'' (Seapoint Books ) His books have been translated into Chinese, Japanese, Russian, German, Romanian, Korean, Indonesian, Italian, Norwegian, and Vietnamese.

References

{{DEFAULTSORT:Darst, David M. 1947 births Living people People from Nashville, Tennessee Phillips Exeter Academy alumni Yale College alumni Harvard Business School alumni American financial analysts CFA charterholders Quinnipiac University people Directors of Morgan Stanley