[citation needed] Menschel graduated from Syracuse University's College of Business Administration in 1951.
[4] Menschel is the author of Markets, Mobs & Mayhem: A Modern Look at the Madness of Crowds, prefaced by William Safire.
While presenting historical examples of societal hysteria,[6] Menschel suggests picking stocks by focusing on "value investing, [...] a strong franchise, a defined strategy that focuses on a core competency, and consistent sales and earnings.
[11] He is the namesake of The Robert B. Menschel Economics Symposium at the Council on Foreign Relations.
[14] He is the former board president of The Dalton School, Chairman of the Board of Guild Hall of East Hampton, Long Island, and a member of Bill Clinton's President's Committee on the Arts and Humanities.