Outside the Box: A lesson in investing simplicity: Why the Bogle Model beats the Yale Model

In the hierarchy of institutional investors, you won’t find a more competitive group than college endowments. They’re in constant competition with one another and the markets. It’s almost like a bizarre finance version of Duke-North Carolina in basketball or Michigan-Ohio State in football.

Endowment funds try to invest in only the best money managers — utilizing both the public and private markets — to find the very best investment opportunities. They’re well-staffed and well-educated. They have access to the best and brightest minds in finance and are able to invest in funds that are reserved only for those with many millions or even billions of dollars and the right connections.

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