Kinda interesting. 21 minutes long. Description is below.
[video:http://youtu.be/AZnuXdfK3D4]
David Swensen is the chief investment officer of Yale University, where he has produced stunning results in managing portfolios over 25 years. In this lecture, he talks about managing a portfolio for individual investors and stresses on the importance of diversification and equity-orientation.
Thanks for that Wendy!!
“Kinda interesting” was an understatment…I watched both parts
I just wonder what risks they took in regards to the actual underlying securities they were invested in, to produce an 11% compound return for the 10yrs to Dec 2009.
You could have earned almost half of that return by simple betting on an Australian bank not falling over and sitting in cash and still have outperformed the SP500 by > 5% over the same 10 years.
Wendy did you not realise there was the second part??
Do you invest in this fashion??