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David Swensen
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- 1Yale Endowment Legend's Simple Advice for Regular Investors▼Yale's Legendary Endowment Manager Ran Hedge Funds for a Living. For Regular Investors, He Recommended This Instead
David Swensen, the late Yale endowment manager who built one of the most successful institutional portfolios in history through hedge funds and private equity, reportedly told ordinary investors to skip those strategies. Instead, he recommended low-cost index funds, arguing most people cannot access top-tier fund managers and are better off with cheap, diversified holdings.