2 ms·
If you're interested in a very good exploration of this topic(in the broader context of managing a large endowment), David Swensen's book Pioneering Portfolio M
by pge 15y ago
If you're interested in a very good exploration of this topic(in the broader context of managing a large endowment), David Swensen's book Pioneering Portfolio Management is worth a read. Swensen manages Yale's very successful endowment and has been a thought leader in investment management. He is also an outspoken critic of actively managed mutual funds and supports his argument with solid data.
- RockyMcNuts 15y agohe also has a book for individual investors, 'Unconventional Success', which is very good, and also skewers active fund managers. the opportunities in the context of an endowment are somewhat different from those facing individual investors, ie alternative investments are less practical, tax and time horizon considerations are different.