David R. Kotok

About David R. Kotok

David R. Kotok cofounded Cumberland Advisors in 1973 and has been its chief investment officer since inception. He holds a B.S. in economics from the Wharton School of the University of Pennsylvania, an M.S. in organizational dynamics from the School of Arts and Sciences at the University of Pennsylvania and a master’s degree in philosophy from the University of Pennsylvania.
Mr. Kotok’s articles and financial market commentary have appeared in The New York Times, The Wall Street Journal, Barron’s and other publications. He is a frequent guest on financial television including Bloomberg Television, CNBC and Fox. He also contributes to radio networks such as NPR and media organizations like Bloomberg Radio among others. He has authored two books including the best seller “From Bear to Bull with ETFs.”

Mr. Kotok currently serves as a director of the Global Interdependence Center (GIC) (www.interdependence.org), which has a mission to encourage the expansion of global dialogue and free trade in order to improve cooperation and understanding among nation states, with the goal of reducing international conflicts and improving worldwide living standards. Mr. Kotok organized a five-continent dialogue held in Philadelphia, Paris, Zambia (Livingstone), Hanoi, Singapore, Prague, Cape Town, Shanghai, Hong Kong, Rome, Milan, Tallinn and Santiago, Chile. He has received the Global Citizen Award from GIC for his efforts.
Mr. Kotok is a member of the National Business Economics Issues Council (NBEIC) and the National Association for Business Economics (NABE), serves on the Research Advisory Board of BCA Research and is also a member of the Philadelphia Council for Business Economics (PCBE).
Mr. Kotok has served as a commissioner of the Delaware River Port Authority (DRPA) and on the Treasury Transition Teams for New Jersey Governors Kean and Whitman. He has also served as a board member of the New Jersey Economic Development Authority and as chairman of the New Jersey Casino Reinvestment Development Authority.
Mr. Kotok hosts an annual Maine fishing trip, where, it is rumored, most of the nation’s important financial and economic decisions are actually made.

Latest Articles

Reflections on GIC’s 50th Anniversary

A personal reflection after the 25-year anniversary of a gathering in Maine (now a GIC Event) and 50 Years of the Global Interdependence Center, more than half of them putting up with me as a…

A unique moment in American history and in the history of the Federal Reserve System

CCB Advisory Board member, and longtime GIC Board member, David Kotok shares his perspectives on a unique moment in American history and in the history of the Federal Reserve System. Today, we are witnessing a…

GIC Advisory Council Member, David Kotok, featured on Monetary Matters Podcast, hosted by GIC Member Jack Farley

David Kotok, Co-Founder & Strategic Advisor at Cumberland Advisors, joins Monetary Matters to discuss insights from his new book, “The Fed and the Flu: Parsing Pandemic Economic Shocks.” Kotok cites data over millennia to show…

Healthcare: A Travelogue by David R. Kotok, Cuba Series, Part 3

In the 3rd and final post from David’s travelogue series from Cuba, David will delve into the Cuba’s government run healthcare system. We hope you enjoy this amazing journey as David provides his insight, experiences,…

US Sanctions on Cuba?: A Travelogue by David R. Kotok, Cuba Series, Part 2

  GIC Board Member David R. Kotok recently completed a 3-part travelogue series as he participated in our Delegation to Cuba. The purpose of the trip was to provide members with insights about the country’s…

Bay of Pigs: A Travelogue by David R. Kotok

GIC Board Member David R. Kotok recently completed a 3-part travelogue series as he participated in our Delegation to Cuba. The purpose of the trip with to provide members with insights about the country’s rapidly…

Cumberland Advisors Market Commentary: ESG

In the latest Cumberland Advisors Market Commentary, David Kotok recapped GIC’s latest program, Environmental, Social, and Corporate Governance with Rowan University, held on October 14, 2022.

Yield Curve Control

David Kotok and Cumberland Advisors published an 80-page study pamphlet on yield curve control and its effects on global interest rates and recapped it in a recent Cumberland Advisors Commentary.

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