Here is the article.
Yale’s David Swensen Proves You Can Beat the Market
I firmly believe you can beat the market for years if you put your mind to it. Take David F. Swensen, chief investment officer of Yale University’s endowment fund since 1985.
Under his leadership, Yale investments increased from $6 billion to $22.5 billion, returning an annualized profit of 18% over the past 10 years. That’s two percentage points above the market averages, and well beyond more conservative endowment funds.
Moreover, Yale’s fund did not suffer a single down year during the difficult 2000-2003 bear market. And last week, Yale announced that its endowment fund gained 28%.
Swensen is considered the Babe Ruth of endowment funds managers.
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