I’m a fan of Swensen, but as a reminder, his job (and his team’s job) was not so much to find great investments but to identify great investment managers, the ones who really could deliver superior returns. He said such firms exist, but they often are not accessible to even the richest people. His advice to the retail investor was:Swensen addressed these criticisms a few years ago.
30% US equity
15 % Intl developed equity
5% Emerging market equity
20% US REITS
15% US Treasury bonds
15% US TIPS
No timber, private equity, or any of the exotic stuff. I suspect this is good advice for the small-to-medium pension and endowment fund managers as well.
Statistics: Posted by Gaston — Sat Jun 22, 2024 8:36 pm