David Swensen s guide to sleeping soundly
Financial wisdom for troubled times plus strong opinions on the current crisis from Yale s in-house Warren Buffett.
Marc Gunther ’73, a contributing writer to
Fortune magazine, blogs at marcgunther.com.
Mark Ostow
Swensen s recipe for investing
David Swensen has built Yale s exceptional endowment returns largely through categories of investments that aren t available to or aren t smart for an individual investor. (They include private equity, such as venture capital and buyout firms, and illiquid markets like timber. For more on Swensen s strategy, see Yale s $8 Billion Man, July/August 2005.) He also relies on highly trained staff and a phalanx of independent asset managers to evaluate potential investments.