# David Swensen

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9. Guest Lecture by David Swensen

Financial Markets (ECON 252)David Swensen, Yale's Chief Investment Officer and manager of the University's endowment, discusses the tactics and tools that Yale and other endowments use to create long-term, positive investment returns. He emphasizes the importance of asset allocation and diversifica…

250 Years of American Compounding with Meb Faber

Fire the Whole Investment Team: Meb Faber on 250 Years of American Compounding and Why CalPERS Can’t Beat a 60/40 allocation https://youtu.be/9lBYkG4J2sY A dollar invested in the U.S. stock market in 1800 is worth roughly $200 million today, and Meb Faber says the giant pension funds paid to…

E422: Founding CIO of Berkeley Endowment on Track Records, Contrarian Investing & First-Time Funds

Why do so many GPs misunderstand what institutional LPs actually care about? David sits down with John-Austin Saviano, an Backing & Building Challenger Investment Firms and Former Endowment CIO, argues that one of the biggest mistakes GPs make is overemphasizing track record. Great LPs care less a…

Climbing the Wall of Worry - Market Barometer, Aug-2026

Climbing the Wall of Worry | Market Barometer | August 2026 Record highs everywhere — while the Fed talks rate hikes, Iran sits under the toughest sanctions ever written, and a trade spat brews with Canada. Bull markets climb a wall of worry, and August's wall was steep. In this Market Barometer ep…

The Biotech Deal That Became a Leadership Crisis | Philip Borden (3/4)

🧬 The Biotech Startups Podcast is powered by Excedr: helping life science startups accelerate R&D and commercialization with founder-friendly equipment leasing. Skip the upfront costs, stay lean, and focus on breakthrough science. As a TBSP listener, you can get exclusive perks through Excedr's pa…

The Family Endowment Model - Part 1: The Yale Origin Story

David Swensen transformed Yale’s endowment and reshaped the way institutional investors think about diversification, risk, and private investments.In this episode, we examine the history and break down the core principles behind the Yale Model, how it performed through major market cycles, and how …

Ep 09 Part 2: The Author of “Invest Like a Billionaire” Shares His Top Three Tips

Host Brian Dally continues his conversation with with Bob Fraser, CFO and chief macro strategist of Aspen Funds. In this episode, Fraser shares what everyday investors can learn from billionaires about building and protecting wealth through alternatives and private credit. He emphasizes treating in…

Mike Ryan (ex-Harvard Endowment) on the mistake that keeps smart investors at index returns

Mike Ryan is the founder of Bullet Point Network. Before that he spent two decades at Goldman Sachs, where he was a partner and co-head of Global Equities, and then sat on the investment committee at the Harvard Endowment, allocating $ 12B to outside funds and $ 6B directly into companies. The epi…

Nancy Zimmerman – People, Process, and Fixed Income Arbitrage at Bracebridge (EP.517)

Nancy Zimmerman is the co-founder and Managing Partner of Bracebridge Capital, a $13 billion alternative asset manager specializing in fixed income arbitrage that she founded over 30 years ago, in 1994, alongside Gabe Sunshine with capital from David Swensen at Yale. Our conversation traces Nancy…