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I strongly recommend "Unconventional Success" by David Swensen (http://www.amazon.com/Unconventional-Success-Fundamental-Approach-Investment/dp/0743228383/ref=s
by amurmann 16y ago
I strongly recommend "Unconventional Success" by David Swensen (http://www.amazon.com/Unconventional-Success-Fundamental-Approach-Investment/dp/0743228383/ref=sr_1_1?ie=UTF8&qid=1298992329&sr=8-1 http://www.amazon.com/Unconventional-Success-Fundamental-App...).
The book reads a lot like a text book, but everything he sais just seems to make sense. The man is CIO at Yale university. SO he should know what he is talking about.
- anamax 16y ago> The man is CIO at Yale university. SO he should know what he is talking about. Yale's endowment lost 30% in 2009 http://www.nytimes.com/2009/09/11/business/11harvard.html http://www.nytimes.com/2009/09/11/business/11harvard.html . Heck - even the stuff that I barely pay attention to did better than that. How many of you lost 30% on the investments that you manage?
- nickbp 16y agoFrom the article, it sounds like 'fiscal 2009' must've encompassed late 2008/early 2009, in which case 30% losses would not be abnormal. Otherwise this line sounds a bit odd: At the end of fiscal 2008, Yale continued to turn in the best 10-year performance with an average annualized gain of 16.3 percent, which was followed by Harvard with 13.8 percent.