Andrew Weiss (economist)
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Andrew M. Weiss (born January 2, 1947) is Founder and Chief Executive Officer of Weiss Asset Management, a Boston-based investment firm, and Professor Emeritus
Boston University Boston University (BU) is a Private university, private research university in Boston, Massachusetts. The university is nonsectarian, but has a historical affiliation with the United Methodist Church. It was founded in 1839 by Methodists with ...
.


Early Years and Education

Weiss was born in New York in 1947. He graduated with Honors from
Williams College Williams College is a private liberal arts college in Williamstown, Massachusetts. It was established as a men's college in 1793 with funds from the estate of Ephraim Williams, a colonist from the Province of Massachusetts Bay who was kill ...
in 1968 with a BA in
Political Economy Political economy is the study of how economic systems (e.g. markets and national economies) and political systems (e.g. law, institutions, government) are linked. Widely studied phenomena within the discipline are systems such as labour ...
. In 1977, he received his PhD in Economics from Stanford University.


Academic career

Weiss began his career in 1976 as an assistant professor at
Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...
, as well as a Research Economist in the Mathematics Center at
Bell Laboratories Nokia Bell Labs, originally named Bell Telephone Laboratories (1925–1984), then AT&T Bell Laboratories (1984–1996) and Bell Labs Innovations (1996–2007), is an American industrial research and scientific development company owned by mult ...
. He has served as a consultant to the
World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...
and the
United States National Research Council The National Academies of Sciences, Engineering, and Medicine (also known as NASEM or the National Academies) are the collective scientific national academy of the United States. The name is used interchangeably in two senses: (1) as an umbrel ...
, the research arm of the
United States National Academy of Sciences The National Academy of Sciences (NAS) is a United States nonprofit, non-governmental organization. NAS is part of the National Academies of Sciences, Engineering, and Medicine, along with the National Academy of Engineering (NAE) and the Nati ...
. In 1989, Weiss was elected a Fellow of the
Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. ...
. Weiss is the author of 49 published papers and the book, ''Efficiency Wages: Models of Unemployment, Layoffs and Wage Dispersion''. The
Nobel Prize in Economics The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered ...
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 January 2021, Weiss was ranked in the top one percent of published economists by the number of citations to his papers. Weiss has articles published in top economic journals such as The Journal of Political Economy, The American Economic Association, The Journal of Labor Economics, The Quarterly Journal of Economics, and The Review of Economic Studies.


Professional career

Andrew Weiss is the Founder and 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 Holdings Oppenheimer Holdings is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related pro ...
, proclaimed Weiss to be "one of the most brilliant money managers that I know."
Bruce Greenwald Bruce Corman Norbert Greenwald (born August 15, 1946), is a professor at Columbia University's Graduate School of Business and an advisor at First Eagle Investment Management. He is, among others, the author of the books ''Value Investing: fr ...
, the Robert Heilbrunn Professor of Finance and Asset Management at Columbia University and author of ''
Value Investing Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. The various forms of value investing derive from the investment philosophy first taught by Benjamin Graham an ...
'', said of Weiss in an interview with ''
The Motley Fool The Motley Fool is a private financial and investing advice company based in Alexandria, Virginia. It was founded in July 1993 by co-chairmen and brothers David Gardner and Tom Gardner, and Erik Rydholm, who has since left the company. The compa ...
'', "If I had one person to pick and one guy to put the money in, I would pick him."
Robert Solow Robert Merton Solow, GCIH (; born August 23, 1924) is an American economist whose work on the theory of economic growth culminated in the exogenous growth model named after him. He is currently Emeritus Institute Professor of Economics at the ...
,
Nobel Prize Laureate in Economics
and an Institute Professor at
MIT The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the m ...
, said at a press conference on March 15, 2005 "
eiss Chaim Yisroel Eiss (1876–1943, he, חיים ישראל אייז) was an World Agudath Israel, Agudath Israel activist and writer. He also was among the founders of the Agudath Israel in 1912. During the First World War, Rebbe Eiss set up an a ...
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 Jacob Kotlikoff (born January 30, 1951) is a Professor of Economics at Boston University, a William Warren Fairfield Professor at Boston University, a Fellow of the American Academy of Arts and Sciences, a Research Associate of the Natio ...
, Professor of Economics at Boston University, was quoted in ''
The Boston Globe ''The Boston Globe'' is an American daily newspaper founded and based in Boston, Massachusetts. The newspaper has won a total of 27 Pulitzer Prizes, and has a total circulation of close to 300,000 print and digital subscribers. ''The Boston Glob ...
'' 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 Advisory Board for the
University of Global Health Equity University of Global Health Equity (UGHE) is a health sciences university in Rwanda. An initiative of Partners In Health, UGHE is a private, not-for-profit, accredited institution. Catalytic partners that have helped to launch the University inc ...
in Rwanda, The Center for Effective Global Action (at UC Berkeley), Last Mile Health, and the UBS Optimus Foundation. He is a senior fellow at the Niskanen Center and is a member of the Council on Foreign Relations. He is also a co-founder of CRI Foundation, Inc.(f/k/
Child Relief International
and a former board member of the American Jewish World Service. The three 2019 Economics Nobel Laureates donated their prize to the Weiss Fund for Research in Development Economics.


Personal life

Weiss lives in Boston, Massachusetts with his wife Bonnie. They have three daughters.


References


External links


Mystery shrouds Prague building, ''Sunday Business Post''
* ttps://web.archive.org/web/20080913021349/http://www.williams.edu/cde/people/visiting/ Williams CDE, ''Williams CDE''br>BU Econ,''Boston University Department of Economics''Selected Works of Andrew M. Weiss

Stiglitz Nobel, "Nobel Website"
{{DEFAULTSORT:Weiss, Andrew 1947 births Living people People from Brookline, Massachusetts Fellows of the Econometric Society Williams College alumni Stanford University School of Humanities and Sciences alumni Economists from Massachusetts 21st-century American economists