Tufts University

7 statements across 2 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement Apr 13, 2017 by Steve Galbraith · said 40 times in 7 episodes since 2017 · across every show →

Mentions by year

brought up most by Steve Galbraith (23), Ted Seides (12), John Barber (2), Jon Wertheim (1), Dan Schorr (1), Anthony Scaramucci (1)

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2022 2 mentions in 1 episode
2019 1 mention in 1 episode
2018 27 mentions in 2 episodes 14 per episode
2017 10 mentions in 3 episodes 3 per episode

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Everything said about Tufts University, oldest first

Apr 13, 2017 neutral
Assertion Supported
Tufts University's endowment funds only 10% to 13% of its operating budget
“Tufts is unfortunately quite under endowed versus its peers. So we're probably Only 10% of 10 to 13% of the university's operating budget, whereas a Harvard or Yale would be a third.”
Steve Galbraith Apr 13, 2017 ▶ 1:09:41 Steven Galbraith – Five Tool Player (Capital Allocators, EP.01)
Apr 13, 2017 positive
Insight
Endowment investment committees should add operating CEOs alongside Wall Street professionals
“So I met with David a couple months back, and one of the interesting things he talked to me about with his investment committee was getting non-financial people involved on the committee. And I think there's huge value in that. Like, at Tufts, we have CEOs of …”
Steve Galbraith Apr 13, 2017 ▶ 1:11:53 Steven Galbraith – Five Tool Player (Capital Allocators, EP.01)
Apr 13, 2017 neutral
Disclosure
Tufts University endowment will track the performance of fired fund managers
“I'm on the board of Tufts, and I'm chair of the investment committee now, and one of the things I've spent time with Sally on, and we're going to start doing, is actually tracking the performance of people we've redeemed from, to see, in fact, if we're making …”
Steve Galbraith Apr 13, 2017 ▶ 49:43 Steven Galbraith – Five Tool Player (Capital Allocators, EP.01)
Apr 16, 2018 neutral
Disclosure
Galbraith: Only two of his boards conduct annual member performance reviews
“Only two. And it's Pazina and Tufts. Now, Pazina, you have to. As a public company, you actually have to do it. None of the other boards do it.”
Steve Galbraith Apr 16, 2018 ▶ 52:04 Steven Galbraith – In the Boardroom (Capital Allocators, EP.48)
Apr 16, 2018 neutral
Disclosure
Galbraith: Tufts is lowering its endowment spend rate to 3.5–4.5%
“We actually took our spend rate down, which is very unusual in higher education today, and we're doing it in a gradated fashion over several years, but we're taking it down to three and a half to four and a half percent from four to five.”
Steve Galbraith Apr 16, 2018 ▶ 18:34 Steven Galbraith – In the Boardroom (Capital Allocators, EP.48)
Apr 16, 2018 negative
Insight
Galbraith: Large investment committees fail because members lack ownership
“What you'll find on a committee structure is large is bad, and mainly because what happens is people can feel like someone else will take care of it. There's not a sense of ownership. If there are only four, five, six of you on the committee, there's nowhere t…”
Steve Galbraith Apr 16, 2018 ▶ 14:56 Steven Galbraith – In the Boardroom (Capital Allocators, EP.48)
Apr 16, 2018 positive
Insight
Galbraith: Institutions should issue 100-year bonds at 4% interest
“Well, I thought of it as quasi equity. And if you can raise a hundred years at four percent, you damn well better do it.”
Steve Galbraith Apr 16, 2018 ▶ 13:58 Steven Galbraith – In the Boardroom (Capital Allocators, EP.48)
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