Yale endowment guru David Swensen says investors should either be totally active or totally passive in managing their money. “There are two sensible approaches to investing — either 100 percent active or 100 percent passive,” Swensen said at the John C. Bogle Legacy Forum hosted by Bloomberg Link, according to Bloomberg. Unless an investor has [...]
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Tag Archives: David Swensen
Swensen on the Dangers of Mutual Funds
August 24, 2011
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Yale endowment manager David Swensen has produced exceptional long-term returns over the long haul. And in a recent op-ed for The New York Times, he takes aim at some of those who haven’t been able to do that: mutual funds. “Too often, investors believe that mutual funds provide a safe haven, placing a misguided trust [...]
Read moreSwensen Sees Opportunities in Clean Tech
April 2, 2010
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Yale endowment guru David Swensen is seeing a number of opportunities in “green” investments, writes TheEnergyCollective.com’s Marc Gunther. “Yale University’s influential $16.3 billion endowment has taken stakes in startup companies aimed at developing clean technologies, Chinese solar and wind turbine manufacturers and in timberland certified as sustainable,” Gunther writes in analyzing the school’s latest annual [...]
Read moreMarket Timing an “Exercise in Futility”, Swensen Says
October 16, 2009
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In an interview with the Financial Times, Yale endowment chief David Swensen says that market timing is a futile exercise, and that investors should only invest in what they understand. Swensen, who has built an exceptional long-term track record by investing largely in illiquid assets, tells the Times’ Chrystia Freeland that even if he could [...]
Read moreSwensen on Why Individual Investors Will Always Be at a Disadvantage
July 30, 2009
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WealthTrack has released some previously unaired parts of Consuelo Mack’s May interview with Yale Chief Investment Officer David Swensen. In the clip below, Swensen discusses a variety of topics, including why he thinks some corporate bonds are a good bet for professional investors but not a good bet for individuals; why individuals will always have [...]
Read moreYale’s Swensen on Asset Allocation — and Why to Avoid Mutual Funds
May 26, 2009
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On WealthTrack with Consuelo Mack, Yale endowment guru David Swensen discusses his thoughts on how individual investors should structure their portfolios, where the markets are headed, and why you should steer clear of mutual funds. According to Swensen, who as manager of Yale’s endowment has grown the university’s portfolio from $1 billion to about $17 [...]
Read moreYale’s Swensen: U.S. Should Have Learned Lesson in ’87, ’98
January 26, 2009
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Yale endowment manager David Swensen, who has been one of the most successful institutional investors in the world for the past two decades, tells Charlie Rose that the underlying problems involved in the current financial crisis are similar to those from the 1987 and 1998 crises – and that the country now needs to learn [...]
Read moreYale Endowment Guru Not Changing Approach after Tough Year
January 16, 2009
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David Swensen, who produced exceptional returns as Yale University’s endowment’s chief investment officer for two decades before hitting a rough patch in 2008, talked to the Wall Street Journal this week about a number of key financial issues, ranging from his own strategy, to Bernard Madoff, to what he believes are the best opportunities in [...]
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