A Small College’s Endowment Manager Beat Harvard With Index Funds – Bloomberg

Let me begin with a quote from the article:

“Some of the world’s sharpest investment thinkers, including Warren Buffett and Nobel laureate economist Eugene Fama, have endorsed the idea that most investors should track the market at the lowest possible cost. ”

Furthermore, the college will not replace the manager when he retires in June. The endowment management is so simplified that the team of volunteers can continue instead of hiring another person. Now that is low cost. Sounds like one example of a real life Occam’s razor.

-Dr. Moore


Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s