David Swensen, every mention

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Verbatim, from the transcripts: the passages where David Swensen comes up

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▶ 9:40 Ted Seides Uh, be the one person that Dave Swenson kind of hired from my class, uh, to go work with him at the Yale Endowment. 5 times in the scene
▶ 12:58 Patrick O'Shaughnessy In Yale and Swenson's favor. 4 times in the scene
▶ 16:01 Ted Seides And I think that's consistent with how David views the world, which is he doesn't want to invest in an investment organization that has outside ownership.
▶ 32:46 Ted Seides And so just that simple part of what's a hedge fund, oh, that's something we want, in part thanks to Dave Swenson's book, and sort of the, the stamp of approval that he and CalPERS, when they invested in hedge funds for the first time in…
▶ 42:51 Ted Seides About 10 years ago, I saw Dave Swenson give a speech, and someone had said to him very appropriately, your benchmark for this asset class is, let's call it five percent real. 2 times in the scene
▶ 58:41 Ted Seides There is something to the structure of what Yale did and the discipline that has been proven that David has been able to, to teach other people.

▶ 14:22 Meredith Jenkins So I, when I was coming out of school, I was very focused on finding something in this, in the endowment and foundation world, and so I did a ton of networking, and was lucky enough through some of that networking to, to be connected with… 2 times in the scene

▶ 9:43 Ellen Ellison Fiona was an investor also, so I do think there's something really good in the big genes, but Jeremy was very tough on me, but I realized that I liked this notion of seeing a portfolio holistically, and I didn't have the pieces in my…
▶ 46:17 Ellen Ellison I do think that whether you're talking about Scott Malpass, Eric Lumberg, or Dave Swenson, you

▶ 16:45 Kip McDaniel You know, David Swenson, clearly the most influential allocator of our time. 3 times in the scene
▶ 20:22 Kip McDaniel David Swenson runs thirty billion dollars and has been there for 30 years. 6 times in the scene
▶ 38:45 Kip McDaniel Your alumni are more likely to give their money because they want David Swenson managing it, that there's an argument to be made there.
▶ 43:23 Kip McDaniel And David Swenson would say the same thing. 2 times in the scene
▶ 49:07 Kip McDaniel Those are the people who's going to be successful, and not the people who just try to emulate a David Swenson, because that, even David Swenson would say, that's, you're going to get shot in the foot at some point trying that. 2 times in the scene
▶ 49:26 Ted Seides And certainly when David wrote his seminal work in whatever it was, 2000, the U.S. endowment model became kind of the new, new thing.
▶ 1:01:00 Kip McDaniel And then it's not, it's not so much success on an individual level, but the industry needs more David Swenson's. 3 times in the scene

▶ 35:48 Tom DeLong And I remember, Ted, as a student, I remember being connected with Yale, and I want to say, is it Dave, uh, who's the guy, who's the money manager there? 4 times in the scene

▶ 32:59 Ted Seides There's an interesting parallel, both in what Warren Buffett does and, you know, my first mentor, Dave Swenson, where both have talked at times about a systematic bias to hold on, and maybe you hear Warren talk about Dexter Shoe Company… 3 times in the scene

▶ 20:00 Ted Seides I was economics and political science, which Dave Swenson asked me in my interview.
▶ 1:05:05 Chris Douvos Swenson's book.

▶ 4:24 Ted Seides Andy came to PRINCO from Duke management company where he was an investment director and received his formative training in the business working for David Swenson at the Yale University investments office.

▶ 8:06 Ted Seides I was still a young pup working for David Swenson. 5 times in the scene
▶ 35:31 Ted Seides So I want to take that lens and apply it to some of your thoughts on active investing, and the reason is that as opposed to some of the other luminaries that are talking about the difference between active and passive, Jack Bogle, even…
▶ 45:27 Ted Seides So let's turn to the third example, one near and dear to both of our hearts, the Yale University Endowment and Dave Swenson, and it should be even that much harder, given that Yale's approach is investing in managers.
▶ 52:31 Ted Seides David wasn't fired. 3 times in the scene

▶ 38:57 Ted Seides And in fact, that's the point that David Swenson has made over and over and over again.
▶ 40:39 Patrick O'Shaughnessy The question of whether or not hedge funds or really any alternatives should be thought of as a bucket or as an asset class, and his contention was no, that one of the unfortunate perversions of the Yale model or Swenson's success is that… 3 times in the scene
▶ 1:01:03 Ted Seides So more and more, I, I can circle back to first principles of what I learned working for David Swenson, which is you have, he has long-term capital, and therefore you should have equity ownership in things.

▶ 25:14 Ted Seides Probably not that well known, but debate between David Swenson and Peter Bernstein, the late Peter Bernstein, where David, similar to you, believed asset allocation drives returns. 3 times in the scene

▶ 1:11:12 Ted Seides Part of it training from, from David Swanson at Yale. 2 times in the scene

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