WTT: The Real Yale Model

This podcast episode delves into David Swensen's investment philosophies and principles, emphasizing the importance of a rigorous investment framework, understanding illiquidity as a potential source of alpha, and practicing cautious asset allocation. It challenges the conventional view of active management, highlighting the challenges and obstacles faced by investors in beating the market. The episode also explores Swensen's contributions to the investment world and the difficulties of implementing his approach effectively.