Corporate America Should Be So Healthy
Seeking some sage counsel to pass along to skittish investors during these turbulent financial times, the New York Times’s Business section on Sunday had a nice little chat with David F. Swensen (right), who manages $22.5 billion in assets and is the author of the 2005 book Unconventional Success: A Fundamental Approach to Personal Investment. Swensen’s advice, noted the Times, was straightforward and uncomplicated:
Don’t try anything fancy. Stick to a simple diversified portfolio, keep your costs down and rebalance periodically to keep your asset allocations in line with your long-term goals.
Swensen, by the way, is not some CNBC guru or Wall Street hotshot. He manages Yale University’s endowment.
In other news, a major West Coast enterprise led its peers by attracting an astounding $832 million in capital last year. Thats not revenue from its consumers. It’s not even investment money. That funding came from gifts.
That enterprise would be Stanford University, which”raised the most money among academic institutions for the third year in a row,” reported Bloomberg today.
No big messages here, just a gentle reminder that an organization need not turn a profit to be big business.
Tags: David Swensen, endowments, higher education fundraising, Stanford University, Yale UniversityRelated Stories
POSTED IN: Education, Fundraising
0 opinions for Corporate America Should Be So Healthy
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: