Yale

“Time and time again, we've seen funds kind of get attention and get, you know, kind of wildly oversubscribed only because LPs are demonstrating lemming-like behavior. And, you know, there's a favorite bell cow like, you know, Yale or Harvard or Stanford that t…”

“Richard Foster, professor at Yale, found some research that said that the average lifespan of a public company used to be, you know, over 60 years in the 19 fifties, and now it's about 15 years.”

“A lot of these huge pools of capital you're talking about, especially international, their annual returns are terrible. They're not at the Harvard or Yale or Stanford level. They're not buying like swaths of forests in Scandinavia and weird assets and only inv…”

“There's now more administrators at Yale than there are students, and almost as many at Harvard”

“Yale are reportedly selling a reported about a six billion dollar pool of different assets in a secondary sale.”

“Intellectually, as I said, this would be like if Vanguard said, you know, we've been thinking active management is the way to go.”