How Harvard and Yale Beat the Market: What Individual Investors Can Learn From the Investment Strategies of the Most Successful University Endowments
$16.00
Contents:
- The Current Environment and the Need for New Thinking
- Common Investment Mistakes
- Diversification: The Best Investment Strategy
- Skill-Based Money Managers versus Style Box-Based Money Managers
- Introduction to the Endowment Philosophy
- Why Large Endowments Outperform the Market and How You Can, Too!
- Mutual Funds, Separately Managed Accounts, Exchange-Traded Funds, and Exchange-Traded Notes
- Structured Products
- Hedge Funds and Funds of Funds
- Absolute Return
- Stocks
- Bonds
- Real Assets and Commodities
- Managed Futures
- Private Equity
- Managing Some of Your Money In-House
- Portable Alpha
- Suggested Allocations
- Choosing and Managing Money Managers
- Putting It All Together
- Putting It in Writing: The Investment Policy Statement
How Harvard and Yale Beat the Market: What Individual Investors Can Learn From the Investment Strategies of the Most Successful University Endowments By Matthew Tuttle pdf
| Author(s) | |
|---|---|
| Format | |
| Pages | 291 |
| Publication Year | 2009 |
9 reviews for How Harvard and Yale Beat the Market: What Individual Investors Can Learn From the Investment Strategies of the Most Successful University Endowments
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Leilani Kline (verified owner) –
In these times, this book is needed more than ever; stripping away the shibboleths and false premises of a bubble era, in simple, easy to understand language, it takes the best investment guidance of large institutional endowments and applies it to the individual investor. Perceptive and well written, you will refer to it time and again, whether you control, or delegate control of, your own investments.
Julianna Le (verified owner) –
This is surely one of the most sensible investment books I have ever read. It leaves out all the fluff and gets right down to the most important essentials needed for successful investing. I would recommend it to anyone wanting to make money through investing. Mr. Tuttle demonstrates his expertise and insight at every turn. He is, literally, a wealth of investment knowledge no matter what your net worth.
Damien Hubbard (verified owner) –
This book is ok, but if you really want good investment advice on how to construct and manage your portfolio, read the source directly and go to David Swensen’s books. Tuttle runs an investment firm and a lot of the advice he offers is questionable and not fully supported – “investing” in currencies? Come on, currencies are a zero sum game and not an asset class. There are also a number of calculation errors and incorrect or incomplete definitions of important terms like alpha, beta, correlation etc.
On balance, there are some valid points, but a lot of loose ends and sloppy mistakes. Can’t recommend.
Rosie Lopez (verified owner) –
Most investment books I have read are painful to get through. This is a well organized book that provides interesting background on the methods as well as clear and well laid out specifics about a safe and tested strategy. The information on goal setting and adjusting to risk were very helpful. In these scary financial times this is a very reassuring book with excellent practical suggestions on how to reduce the risk to my investments. I wish this book had come out a little earlier, I think it would have saved me a lot of headaches during the crash.
Ramon Dean (verified owner) –
If you already believe that it is worthwhile to seek alpha and do not mind to pay high fees to get it, then this book will help you identify interesting choices that are available to retail investors. But if you do not believe that alpha exists on average then this book will not convince you otherwise. However, even if you are in the latter camp, the choices identified are [at a minimum] entertaining.
Ellen Carroll (verified owner) –
In chapter 4, Tuttle gives an absolutely terrible, one paragraph in length, argument for active management. In David Swensen’s book, Cheif Investment Officer at Yale, he devotes whole chapters to this subject, and how active management fits into a portfolio. This is critical, because without knowing the role of active management, returns can be adversely affected. Utilizing active management appropriately can really make, or break, a portfolio. Tuttle simply does not give the subject the sufficient analysis it requires. Further, his “go for it” suggestion is simply irresponsible.
Instead of reading this guy’s account, go to the horse’s mouth: David F. Swensen. Swensen is Yale. Swensen is the guy who got the amazing returns that Tuttle talks about. Why get a terrible, second-hand account when you can go straight to the source?
Bellamy Erickson (verified owner) –
This book will assist an educating investor on the most recent updatwd trends as well a wast to understand new invwstment approaches.
Johnny Sexton (verified owner) –
Tuttles book isnot the usual book on investing. Most of the other books are a rehash of the standard rundown of stocks and bonds. This book goes into other investing sectors and strategies, such as managed futures, structured products, absolute return etc, providing definitions and useful hints as to how to make the information actionable. All of this is backed up by the proven success of these strategies by the managers of the Yale and Harvard endowment managers. I’ve read many books on investing, but I especially like this one because it ventures off the beaten path into seldom discussed, but profitable investing areas, for example, with managed futures you can make money in up or down markets. I intend to use this book as a permanent reference.
Oscar Alvarez (verified owner) –
How would you invest if you had an unlimited research budget and access to some of the smartest people on the planet to help you make investment decisions? You would invest like Harvard and Yale invest. Now wouldn’t it be great if you could tap into their thinking and mimic their portfolios. Well, now you can. Matthew Tuttle’s book “How Harvard and Yale Beat the Market,” not only shows you what they do, but also shows you how to do it yourself. He starts by explaining how university endowments invest. The bottom line is that they’re focused on absolute returns, not ‘beating the market.’ There’s a big difference. They want to make money all the time – not just when the stock market is up. He then shows the various investment vehicles they use to achieve these more consistent returns, followed by the strategies they employ. Then in the final section he shows you how to do it with your own money. If you’re dissatisfied with your investment results and think that buying stocks is the only way to make money; read this book. It will expose you to a much better way to invest.