David Swensen Is Great for Yale. Is He Horrible for Investing?

How the Yale Model ate endowments — and everything else.

David Swensen Is Great for Yale. Is He Horrible for Investing? Illustration by Zoe van Dijk How the Yale Model ate endowments — and everything else. By Leanna Orr July 31, 2019 At the Yale School of Management’s summer school for Chinese executives, the bigwig investment speaker had a message: Don’t try what we did. Charles Ellis, the lecturer, oversaw Yale’s famous investment office for 17 years as investment committee chair, and knows the effect its success has on people. Some see the extraordinary outcome, want to duplicate it, and ignore what makes their situations unique. “I’m thinking of

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