Biographical

Douglas Diamond
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Douglas Diamond: University of Chicago

No 2022-12, Nobel Prize in Economics documents from Nobel Prize Committee

Abstract: was born in Chicago in 1953. My maternal grandparents were Catholic. My grandmother, Ethel Elizabeth Houlehan Gunkel, was of Irish descent. She was a strong woman who lived to 100 and was lots of fun. My grandfather, Frederick Peter Gunkel, was of Austrian and German descent. He was the executive hog buyer for Oscar Mayer in Madison, Wisconsin, which insulated the Gunkel family from the Great Depression of the 1930s. In that period, the Gunkel family was able to help feed their neighbors with food from Oscar Mayer. My grandfather died in his 50s, and my grandmother became the matriarch of the Gunkel clan. My grandfather had told her to never sell her Oscar Mayer stock, almost her entire net worth, which violated all of investment portfolio theory. She never sold, but she did well when General Foods acquired Oscar Mayer in 1981.

Keywords: Banking; Financial crises (search for similar items in EconPapers)
JEL-codes: E53 G21 G28 (search for similar items in EconPapers)
Pages: 1 pages
Date: 2023
New Economics Papers: this item is included in nep-his and nep-hpe
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