 Quote:
Originally Posted by clifp
So what. I don't care if they made their money, buying and selling Princess Di collectibles on Ebay. I just want to find somebody who can make more than the .84%/year than the TSM has averaged over the last 10 years.
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I can save you big money on advisory fees. I can find you 10 investment techniques that have beat TSM over the last 10 years. If that's your measure of merit, I can help. And I'll give you all ten techniques for just $20.
Is anything gained by fixating on these particular endowments? There are a great many other endowments, pension funds, and actively managed mutual funds that underperformed TSM over the last 10 years. I'll bet you all the managers of these investments were confident that they were smarter than the herd. None of them set out to underperform an unmanaged index. But they did it, despte all the expertise and even dumb luck.
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"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
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