surviving 2020

SURVIVING 2020: TWO CONCEPTS TO PONDER NOW

SURVIVING 2020: TWO CONCEPTS TO PONDER NOW

The investing world has long wondered why the large university endowments continue to put money into private equity. Some excellent research by Anti Ilmamanen, suggests it's really so that in terrible markets, like the one we are in, they can't mark a lot of their portfolio to any fall in value, so it helps with return smoothing. If you're a private investor, you should try and borrow this mental trick.