FYI: An investor holding a simple S&P 500 index fund continues to beat major university endowments.
Yale University and other major endowments have recently reported investment performance for their fiscal years ending in June, and none have topped the S&P 500, which returned 14.4% including dividends.
Yale returned 12.3%; Harvard University, 10.0%; the University of Pennsylvania, 12.9%; and Dartmouth College, 12.2%.
Regards,
Ted
https://www.barrons.com/articles/ivy-league-endowments-1538530379
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