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David Swensen

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  • On Wall Street/Media Promoting Trading Activity

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  • On Human Nature and the Market Cycle

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  • On Worring Top-Down But Investing Bottom-Up

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  • On Active vs. Passive in Endowments

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  • On Complex Fixed Income Funds

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  • On Active vs. Indexing

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  • On Importance of Asset Allocation

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  • On the Bare Essentials of Investment Management

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  • On the Importance of Asset Allocation Over Market Timing and Security Selection

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  • On the Lesson from the 1929 Crash on Diversification

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  • On Market Timing

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  • On Behavior of Endowments Around the 1987 Crash

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  • On Survivorship Bias and Backfill Bias in Mutual Fund Performance

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  • On Finding Inefficient Asset Classes

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  • On the Yale Portfolio Model

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  • On What the Yale Endomwent Looks for in a Fund Manager

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  • On Uncorrelated Assets and Portfolio Risk

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  • On the Yale Portfolio and Changing Asset Exposure

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  • On What the Yale Endowment Looks for in a Fund Manager

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  • On Market Valuation Over Economic Predictions

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  • On the Yale Portfolio and Bond Allocation

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  • On Worrying About Underperforming Peers

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  • On Lack of Transparency in Quantitative Approaches

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  • On Short-Termism

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  • On the Yale Portfolio and Uncorrelated Assets

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  • On Thinking About Tail Risk

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  • On Time Arbitrage and Adding to Declining Positions

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  • On Time Arbitrage

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