FYI: A LOT OF INVESTORS have spent a lot of time, hope and energy trying to emulate guru portfolios. I’m no different.
When I read Unconventional Success by Yale University’s chief investment officer, David Swensen, I felt like The Truth was being revealed. Here was the wisdom of the country’s top endowment manager with, at the time of publication, a benchmark-crushing 20-year record of 16.1% a year. This wasn’t an attention-seeking fund manager or TV host, but a man who didn’t need or even want my investment dollars. He presented his book as a public service.
Regards,
Ted
https://humbledollar.com/2019/08/not-my-guru/
