This survey of endowment investing offers an incisive framework for how to think about investable assets of charitable institutions. The value of the book is that Swensen has thought long and hard about how endowment investing differs from personal wealth management and how those differences ripple through almost all aspects of overseeing and implementing endowment investments. As the chair of an endowment investment committee and the author of the Endowment Stewardship blog, I find all of Swensen's insights valuable, but especially his chapters on endowment purposes, investment and spending goals, investment philosophy and investment process. [...]Also, if you're an individual investor trying to copy Yale, this book will explain why you're wasting your time.Click Here to see more reviews about: Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated (Hardcover)
