Malcolm Baker

[3] He raced for the United States National Rowing Team in the 1990 and 1991 World Championships and the 1992 Summer Olympics.

in finance from St Edmund's College, Cambridge in 1993, and a PhD in business economics from Harvard University in 2000.

[3] At Cambridge, he helped the crew team defeat the University of Oxford in The Boat Race for only the second time in eighteen contests.

[7] In that same year, he and co-author Jeremy Stein, attributed low abnormal returns following high liquidity to the "dumb investor effect.

[3] For his work as a co-author (with Lubomir Litov, Jessica A. Wachter, and Jeffrey Wurgler) of "Can Mutual Fund Managers Pick Stocks?