http://investment-fiduciary.com/2009/03/18/what-to-learn-from-ivy-league-endowments-investment-success/ Prudent Investing, Lasting Wealth Sat, 19 May 2012 21:02:29 +0000 hourly 1 http://wordpress.com/ http://investment-fiduciary.com/2009/03/18/what-to-learn-from-ivy-league-endowments-investment-success/#comment-341 Fri, 17 Apr 2009 15:21:03 +0000 http://investmentscientist.com/?p=658#comment-341 I disagree with you. They do have a lot of illiquid assets but they were not forced to sell. They could easily raise fund from other source. In fact, one of David Swensen’s key insights is that liquidity is over priced. People pay a premium for it, but when they need it, it is never there. The experience last year actually confirms his insight.

]]> http://investment-fiduciary.com/2009/03/18/what-to-learn-from-ivy-league-endowments-investment-success/#comment-340 Fri, 17 Apr 2009 14:56:15 +0000 http://investmentscientist.com/?p=658#comment-340 As we know now that the Yale Model did not work when the credit bubble bursted. They are being forced to sell their illiquid assets at a deep discount. Government bonds are the real diversification drivers because they have different source of return. Gov’t bonds include all government issuers not just the U.S. government.

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