David Swensen has been the investment manager of Yale's Endowment since 1985 and is known as one of the best investors of our time. He recently was a guest lecturer at one of Yale's economics classes and the lecture is posted online.

Our investment process is largely based on the "Yale Model" of investing and I believe you will find his thoughts reassuring and educational.

Click here to watch Swensen's lecture at Yale.

Tags: Greg, Universities, Asset Class

Volatility is not much fun if you are looking for stability and consistent long term returns. Universities typically use volatility to rebalance their portfolios. In fact this rebalancing can reduce volatility and improve performance.

David Swensen wrote in one of his books, Unconventional Success, that Yale has been able to improve performance by over 1% due to their rebalancing Sotechniques.

Tags: Rebalance, Universities