Monthly Archives: February 2020

Charlie Munger on Fund Managers

At the annual meeting for the Daily Journal Corporation, Charlie Munger shared that there is too much money out there and it won’t end well. And of course, what’s happening in America of course, is that software has grown enormously. If you...

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Endowments Return 5.3% in 2019

The National Association of College and University Business Officers published their data a couple of weeks ago. Data gathered from 774 U.S. colleges, universities, and affiliated foundations for the 2019 NACUBO-TIAA Study of Endowments® (NTSE)...

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Charley Ellis on the Yale Model

As former member of the Investment Committee at Yale, Charley Ellis shared what distinguishes the school’s model of investing. The selection of managers has long been dominated by detailed assessments of character; the diversified structure...

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