David R. Kotok co-founded 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 Masters in Philosophy from the University of Pennsylvania. His articles and financial market comments have appeared in The New York Times, The Wall Street Journal, Barron's, and other publications. He has appeared on CNN, CNBC, and Bloomberg TV.

Mr. Kotok currently serves as a Director and Program Chairman of the Global Interdependence Center (GIC). He is a member of the National Business Economics Issues Council (NBEIC), the National Association for Business Economics (NABE), the Philadelphia Council for Business Economics (PCBE) and the Philadelphia Financial Economists Group (PFEG). Mr. Kotok has served as a Commissioner of the Delaware River Port Authority (DRPA) and on the Treasury Transition Teams for NJ Governors Kean and Whitman. He has also served as a board member of the New Jersey Economic Development Authority and as Chairman of NJ Casino Reinvestment Development Authority.

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