Monthly Archives: March 2020

Capital Allocators Monthly – March 2020

Capital Allocators Monthly – March 2020

  Announcements and Gratitudes * The show might go on.  Capital Allocators LIVE!  is scheduled for June 18th.  We have a month before we need to decide what to do. If we postpone the event, all tickets holders will have the option to roll to...

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Harvard CFO on Surviving the Recession

The CFO was asked whether the school could survive another recession. We’ve done a lot of recession-based scenario planning, and the University is in a much better position than we were following the 2008 financial crisis with respect to...

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Michael Mauboussin on Relative Skill

A few years ago Michael Mauboussin published a paper on what makes for successful investing. Success in investing has two aspects. The first is skill, which requires you to be technically proficient. Technical skills include the ability to find...

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Valuations at Stanford Endowment

The school’s investment office shared in their latest report that they are investing in fewer fund managers. SMC [Stanford Management Company] primarily relies on carefully chosen external partners to select individual securities, allowing...

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David Swensen on Bankers

A few years ago, the business school held a panel on finance and its influence on society. One of the panelists was David Swensen and he shared his distaste for bankers. Let me pick up on Bob’s [Professor Robert Shiller] comment that there’s a...

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