#1539

Mentioned in 29 episodes

Pioneering portfolio management

An Unconventional Approach to Institutional Investment, Fully Revised and Updated

Book • 2000

This book provides a comprehensive guide for actively managed investment portfolios, drawing from David F. Swensen's experience as Yale's Chief Investment Officer.

It outlines an unconventional approach to institutional investment, focusing on non-traditional assets such as private equity and venture capital.

Swensen offers insights into asset allocation, risk management, selecting investment advisers, and navigating market pitfalls.

The book is filled with real-world examples and strategies that have contributed to Yale's endowment's remarkable annualized returns of 16.

2 percent.

Mentioned by

Marc Andreessen

Mentioned in 29 episodes

Mentioned by

Marc Andreessen

, referring to David Swenson, who was considered the smartest portfolio manager for liquid portfolios, and his guidance on evaluating venture investments.

Marc Andreessen and Charlie Songhurst on the past, present, and future of Silicon Valley

Mentioned by

William Green

, quoting Swensen's insight on the necessity of 'uninstitutional behavior from institutions'.

RWH063: Avoid Disaster w/ Howard Marks

Mentioned by Dave Swenson in his book, Pioneering Portfolio Management, highlighting the importance of independent investment decisions.

Behind The Memo: On Bubble Watch

Mentioned as a book written by David Swenson that shared his strategy of allocating to alternatives.

Episode 378: Learning from Market History

Mentioned by

Stan Miranda

as inspiration for building Partners Capital, referring to it as a cookbook.

CIO Greatest Hits: Multi-Family Offices – Stan Miranda (Partners Capital)

Recommended by

Cliff Asness

when discussing David Swenson's work and the illiquidity premium in private equity.

Cliff Asness - Surviving the Meme Stock Bubble (Ep. 298)

Mentioned by

James Clarke

when discussing the importance of understanding market demand before launching a new fund.

James Clarke – Building Enduring Partnerships at Blue Owl (EP.445)

Mentioned by

Cliff Asness

in reference to the late David Swenson and the use of private equity in an institutional endowment portfolio.

Re-Run: Cliff Asness

Recommended by

Matthew Fine

as perhaps the best investment book he's read, praising its insights on portfolio management.

Matthew Fine - Buying Gray Clouds and Building Resilient Portfolios

Mentioned by

Mark Higgins

, who noted that many interpreted this book as a guide to achieving Yale-like returns by allocating to private equity and hedge funds.

Mark Higgins: Financial History Is More Relevant Than People Think

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