Archive for the ‘market timing’ Category
Quotes of David Swensen from his Financial Times interview
Posted by: Michael Zhuang on: November 4, 2009
On his anticipation of the crisis We were absolutely aware of potential issues. And that was months before Bear Stearns. That said, we weren’t prepared for the magnitude of the crisis, or its duration.
Yale’s Swensen: sell government bonds, buy equities
Posted by: Michael Zhuang on: April 23, 2009
David Swensen told German newspaper Frankfurter Allgemeine Sonntagszeitung in an interview published on Sunday: Now is a better time to buy equities than six months ago, one year ago or five years ago. One thing is certain: If I now had government bonds, I would consider selling them and invest the money in everything else.
A David Swensen lecture in Yale University
Posted by: Michael Zhuang on: February 3, 2009
David Swensen, Yale’s Chief Investment Officer and manager of the University’s endowment, discusses the tactics and tools that Yale and other endowments use to create long-term, positive investment returns. He emphasizes the importance of asset allocation and diversification and the limited effects of market timing and security selection. Get my white paper: The Informed Investor: 5 [...]
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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