Profiles
Daniel Burnside
Clinical Professor of Finance
- Rochester NY UNITED STATES
- Carol Simon Hall 3-306B
- Simon School of Business
Burnside is a chartered financial analyst and an expert in money management and financial planning.
Spotlight
July 24, 2025
1 min
Areas of Expertise
Media
Social
Links
Biography
Dr. Daniel Burnside is the former director of quantitative research at Clover Capital Management in Rochester, N.Y. He has held various roles in the investment, risk management and financial planning fields, and has worked extensively with both individual and institutional clientele. Burnside is a chartered financial analyst (CFA).
Education
University of Rochester / Simon School of Business
MS
Business Administration
2001
Cornell University
PhD
Philosophy
1995
Selected Media Appearances
How the New Fed Rate Cut Will Affect You
Huffington Post online
2025-09-18
The rate cut is unlikely to affect most people who plan to stay in their homes, said Daniel Burnside, clinical professor of finance at the University of Rochester’s Simon Business School in New York. One exception: If you have an adjustable-rate mortgage, your mortgage payment could fall. “Homeowners with fixed-rate mortgages — which is most borrowers in the U.S. — won’t see their rates change,” Burnside said.
Paychex founder Tom Golisano becomes largest shareholder in Kodak
WXXI Public Media online
2025-09-02
Tom Golisano, the Paychex founder, is now Kodak’s largest shareholder — by a lot. Simon Business School clinical finance professor Daniel Burnside says the move is "a pretty good signal" for stockholders.
Kodak cautions investors on debt: Here's what happens next
Democrat & Chronicle print
2025-08-12
While the filing language is alarming, it may not be as bad as it sounds, said Daniel Burnside, clinical professor at the University of Rochester’s Simon Business School.
What We Know With Max Foster: 133-year-old Kodak says it might have to cease operations
CNN tv
2025-08-12
Max Foster: Kodak has had a rocky time in recent years, let's say, as it struggled to modernize. Let's zoom in now, Daniel Burnside, clinical professor of finance at the University of Rochester. He joins me now from Rochester, New York, where Kodak is based. And it is a fascinating case study, isn't it, because, I mean, younger viewers won't be aware of how ubiquitous kodak was, how it pretty much owned the photography industry.
Daniel Burnside: Quite right. Kodak was a titan. It completely dominated the photographic industry, which it basically invented.
Foster: Yeah, so it invented it, and it made a lot of money from it. And it did the right thing, didn'it? In theory, by inventing a digital camera. But tell us what went wrong.
Burnside: Well, you know, companies don't like changing gears once they've invested a great deal in selling products and services that they're used to selling. It's very difficult for them to change gears.
Here’s What’s Driving The Latest Meme Stock Frenzy—Kohl’s, Krispy Kreme And More
Forbes online
2025-07-23
Daniel Burnside, a financial analyst and professor at the University of Rochester, told Forbes that “with companies like Kohl's, GoPro, Rocket — you’re not investing in fundamentals, you’re betting on crowd psychology and social media dynamics.”
“Researchers don’t have good models for this," he added. "You can’t rely on any good economics to guide you here.”
If someone decides to invest in a meme stock, Burnside encourages potential investors to “keep it small.” “No more than, say, 5% of your portfolio,” he said. “It’s speculation, not strategy. If you can’t afford to lose it, you can’t afford to meme it.”
Here’s How Gen Z Can Financially Cope with Tariffs
U.S. News & World Report online
2025-05-08
Building a savings fund is especially important for Gen Z, says Daniel Burnside, a clinical professor of finance at the Simon Business School at the University of Rochester, in New York.
“If you like living on the edge, then by all means, spend everything you earn and cross your fingers,” Burnside says. But he doesn’t recommend it. “Things happen, and they seem always to cost money when they do,” he says.
High CD Yields Could Rise Even More If The Fed Boosts Rates; Should You Wait?
Forbes print
2023-07-20
Daniel Burnside, a clinical professor of finance at the University of Rochester, says there’s no automatic connection between the Fed rate and CD rates.
“It’s not as if they change the target rate and then CDs are higher that day. It just depends on the bank,” he notes.
What happened to RealEats? Public records hold clues
Democrat & Chronicle print
2023-03-20
Daniel Burnside is clinical professor of finance at Simon School of Business at the University of Rochester. After spending years working in the investment business, he now teaches courses in finance. While Burnside doesn't have direct knowledge of RealEats, he has enough experience dealing with startups to speculate what might have happened to the company.
