There is a great read in today’s New York Times. The story is about David Swenson. Mr Swenson is the chief investment officer for Yale University’s endowment. While David has been at the helm, he’s averaged an annual return of 16% for the Universitie’s Endowment. This performance has handily outstripped the average 11% market return over the 21 years Swenson has been investing.
If you have a spare moment, I highly recommend you check out the story. Its a great tale of how one person has made a lot of money while being true to his values and the profession he loves.
Best,
James
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