Stephen Archer spent several years in the securities industry in Minneapolis and Seattle. He has also participated in seminars on Wall Street. But he was also a survivor of forty years of academic life, during which he authored many college finance textbooks, including Portfolio Analysis with Jack Francis. He received a BA and MA in economics and a PhD in finance from the University of Minnesota. He is a past president of the Financial Management Association and treasurer of the American Institute of Decision Sciences. He was named Professional of the Year in Higher Education in 2011. He was founder of the finance department at the University of Washington, founder of the internationally recognized Journal of Financial and Quantitative Analysis, and founder of the generic MBA program at Willamette University. He is a retired Certified Financial Planner, and his many published papers include studies on the earnings-dividend relationship, inflation's impact on stock values, and diversification for risk reduction in portfolios. He has lectured in Canada, Italy, England, Switzerland, and Japan. He was a Fulbright Scholar and a postdoctoral Ford Foundation Fellow at UCLA in mathematics and statistics.
