What is an Endowment?
The public is taught to save for retirement. Institutions are built to last forever. Their playbooks are not the same.
The public is taught to save for retirement. Institutions are built to last forever. Their playbooks are not the same.
In the institutional world, our definition of risk is fundamentally different from the one commonly taught to the public. This difference is not semantic; it is the most important chasm separating the two systems.
How can I invest like Yale?