22
Apr
2019
The Secret to Yale’s Success
I’ve written about David Swensen and the Yale Endowment several times over the years (here and here, for example) because i find both fascinating. I first learned about Swensen in 2005, when he was heralded ‘Yale’s $8 Billion Man’ upon the 20th anniversary of taking over the endowment. The performance during that period was remarkable: 16.1 percent versus the S&P 500, which earned 11.9 percent during the same time frame. … Read More