David Swenson's Classic speech: the Nature of Investment
David Swenson, chief investment officer, died of cancer on the 5th at the age of 67, Yale University announced on May 6. Can not help but sigh, 67 years old should be a proper prime of life, health first.
Who's David Swenson? Barton Biggs, former chairman of Morgan Stanley, said: "there are only two really great investors in the world. They are David." Swenson and Buffett. "
David Swenson has been managing the Yale fund since 1985, focusing on diversified portfolios. At the same time, he is also the chief mentor of Hillhouse Capital Zhang Lei, who once hosted the peak dialogue between Zhang Lei and Qiu Guolu.
In this speech, Swenson analyzed and interpreted the nature of investment mainly from the aspects of long-term investment, diversification and asset allocation, and gave suggestions on diversification from the perspective of institutional investors.
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