Pioneering Portfolio Management
by David F. Swensen · first published 2000
3mentions
3recommended by
3HN commenters
2012–2021first – last mentioned
100% recommend
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Read "Pioneering Portfolio Management" by David Swenson, the guy who runs the Yale endowment. Fascinating book on investing; one of his "super powers" as an investor is the fact that the Yale Endowment is immortal, and can invest on 100…
on “SoftBank’s $100B fund is in a league of its own” ↗If you're interested in a very good exploration of this topic(in the broader context of managing a large endowment), David Swensen's book Pioneering Portfolio Management is worth a read. Swensen manages Yale's very successful endowment and has been a thought leader in investment management. He is also an outspoken critic of actively managed mutual funds and supports his…
on “The Truth About Mutual Funds: Fees vs. Returns” ↗RIP. I recommend his book "Pioneering Portfolio Management" (2009) after one has read a more introductory book such as "Random Walk Down Wall Street" by Malkiel. One of Swensen's controversial ideas is that one should avoid corporate bonds as an asset class.…
on “David Swensen, Yale Endowment’s Pioneer Manager, Dies” ↗