Why David Swensen is the Roger Federer of Investing
This article originally appeared here in Institutional Investor on April 12, 2019. In his seminal 1975 research paper “The Loser’s Game,” Charley Ellis likens investing to tennis. Ellis is the founder of Greenwich Associates, a prolific author, a long-time member of Yale’s investment committee, and a staunch proponent of indexing. Tennis, as he describes, is two […]
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Capital Allocators Monthly - March 2019
A few announcements before my favorite content this month. * Sign up here to receive our new weekly blog focusing on Endowment & Foundation news compiled by Marcelino Pantoja. * Special thanks to Canoe Intelligence for sponsoring the podcast. Canoe's software employs machine learning to help allocators efficiently and accurately get information from managers into their reporting system. The software […]
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Capital Allocators Monthly - February 2019
As always, please feel free to forward this email to friends. You can sign up to receive our new weekly blog in your inbox here. Come join me on the other side of the microphone. Jon Brolin, founder of Edenbrook Capital and an adjunct professor at Gabelli School of Business at Fordham, is going to flip […]
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The Price That Makes Hedge Funds a Steal
This article originally appeared here in Institutional Investor on January 31, 2019 Hedge funds are expensive. Would you buy them if they weren’t? If the answer is no — here’s why you might want to reconsider. When Tim Cook announced slowing iPhone sales at Apple last quarter, analysts ascribed the shortfall to saturated demand at […]
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Capital Allocators Monthly - January 2019
As always, please feel free to forward this email to friends. Here Ye, Here Ye We crossed ONE MILLION downloads on the podcast (cue: Dr. Evil from Austin Powers). If you missed the separate Capital Allocators News Flash, you can sign up to receive our new weekly blog in your inbox here. Reading (Ordered by […]
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What Happened When I Met Jack Bogle
This article originally appeared here in Institutional Investor on January 31, 2019 The Vanguard founder espoused low-cost index investing. I was a well-known investor in hedge funds. But one evening, Warren Buffett brought us together. I only met Jack Bogle once — and that one time proved memorable for both of us. Jack was the […]
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Capital Allocators Monthly - December 2018
Every year we turn over the calendar and start fresh. Some years it feels daunting. This time, maybe not so much! As always, please feel free to forward this email to friends. Reading I ordered this list by reading time: tweets first, books last, and blog posts and articles somewhere in between. 1. Tweets […]
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Capital Allocators Monthly - November 2018
Please feel free to forward this email to friends and colleagues. Readings are few in quantity, very high in quality this month. Found a few new terrific listens as well. Reading 1. Tom Wright and Bradley Hope, Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World The news of the scandal […]
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Capital Allocators Monthly - October 2018
I've been on the speaking circuit of late. Great to catch up with lots of investors and allocators and looking forward to more in the coming weeks. If you'd like to receive reminders of podcast episodes or blog posts as they get published, you can subscribe to the blog (distinct from this monthly email). […]
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Origins of an Investing Podcast
Published on Medium on October 14, 2018 Did you find the podcast, or did the podcast find you? On a wintry day in February 2016, I sat on a chair lift at Haystack Mountain in Vermont with my friend Gregg Clark. Gregg is a warm-hearted guy who I’m quite sure could be a world-champion on Jeopardy. […]
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