Archive for October 2008
David Swensen portfolio for small investors
Posted by: Michael Zhuang on: October 27, 2008
In his book “Unconventional Success: A Fundamental Approach to Personal Investing,” David Swensen prescribes for retail investors an asset allocation markedly different from his management of Yale Endowment. Domestic Equity (30 percent) – Stocks in U.S.-based companies listed on U.S. exchanges. Emerging Market Equity (5 percent) – Stocks from emerging markets across the globe. Brazil, [...]
David Swensen on Jim Cramer: guarantees failure
Posted by: Michael Zhuang on: October 7, 2008
In a recent ABC news piece, Dr. David Swensen, manager of $34 billion Yale Endowment had this to say about Jim Cramer: On ‘Mad Money,’ Cramer promotes a mindless short-term approach to markets by encouraging frenetic trading of individual stocks. Such a high-cost, tax-inefficient strategy almost guarantees failure. In the same article, my view on [...]
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Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm applying David Swensen's insights for clients. He is also a regular contributor to Morningstar Advisor. To use his wealth management services, schedule a discovery meeting (phone call) with him.
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