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tony

The Great Investor You may Never Heard of Dies

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I remember him and reading  his writings. In some ways he was Bogle like. R.I.P.

Excerpt: When it came to individual investors, for example, Swensen was a harsh critic of how the vast majority of big actively managed mutual funds offer lower returns than simple lower-cost index funds, after fees are factored in. And the mutual funds make huge amounts of money whether the fund performs well or not.

Excerpt: Swensen also wrote a book, Unconventional Success, telling everyday people how to invest and avoid pitfalls like excessive fees charged by mutual funds.

 

https://www.boisestatepublicradio.org/2021-05-08/david-swensen-the-greatest-investor-you-maybe-never-heard-of-leaves-powerful-legacy

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