David Swenson has died:
https://www.nytimes.com/2021/05/06/business/david-swensen-dead.html
He was younger than I am!
Click here for the collection of posts about Mr. Swenson.
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Notes for trust officers, private bankers and others concerned with estate and trust planning, from a Merrill Anderson Senior Editor and his retired mentor.
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1 comment:
Swensen shredded the old conventional wisdom of institutional investing, but he advised individual investors to avoid alternative investments. He also warned against the high expenses that had become popular in the mutual fund industry. The most sensible investment approach, he told a Yale interviewer, " is to come up with specific asset allocation targets that you can implement with low-cost, passively managed index funds and rebalance regularly. You'll end up beating the overwhelming majority of participants in the financial markets."
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