The Art of Asset Allocation

This podcast is sponsored by:

The CFA Institute. The CFA Institute is the global association of investment professionals whose mission is to lead the investment profession by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society. CFA Institute serves a global community of investment professionals working to build an investment industry where investors' interests come first, financial markets function at their best, and economies grow. The chartered financial analyst credential is the most respected and recognized investment management designation in the world.

[00:02:30] – (First question) - Differences between asset allocation then and now

[00:06:31] – Drivers of success for Yale endowment model and what aspects are emulated

[00:13:20] – The Mount Everest question

[00:15:37] – Ego in managers and details of manager selection

[00:21:52] – How to balance person with process in manage evaluation

[00:27:26] – How to suss out adaptability

[00:30:13] – What are disqualifying attributes of money managers

[00:36:35] – Most desirable thing to create relationship with money manager

[00:40:51] – What to look for in culture

[00:47:14] – What was Meyer's edge at Harvard and how did it differ from Swenson at Yale

[00:53:52] – The process of building a client portfolio with total return, hedging, and diversification buckets

[01:00:41] – What are some favorable attributes of managers

[01:02:33] – The stories of Chuck Feeney and Lance Armstrong

[01:10:11] – Most memorable meeting of money manager

[01:12:30] – Kindest thing anyone has ever done for David

[01:17:21] – Three things to read for foundation on investing education

[01:20:06] – Most memorable day of his life