If it were easy . . .
It takes character to sit with all that cash and to do nothing —Charlie Munger Jason Zweig – columnist, The Intelligent Investor, WSJ – wrestled recently with one of life’s enduring puzzles. Why do...
View ArticleTarek Saghir, new CIO, UC Berkeley Endowment Mgmt. Co.
Tarek Saghir, new CIO, UC Berkeley Endowment IMC x CIO Brandeis U, GroveStreet, CPPIB, McKinsey, BS Chem Eng, U Toronto, MBA & J.D. Harvard The post Tarek Saghir, new CIO, UC Berkeley Endowment...
View ArticleBetter boards, busy bots
Making money is art –Andy Warhol Today’s newsletter is short and mostly sweet. First, helpful hints on building great boards and investment teams, but then some doubts on how much longer it might...
View ArticleOCIO Directory Summer 2026: fresh paint, traditional values
The mind can only absorb what the seat can endure. — Unknown Our summer 2026 Outsourced Chief Investment Officer (OCIO) directory update features one-hundred-eight service providers with contact names,...
View ArticleIt’s all about the fit
One thing I’ve learned: culture matters when you’re doing M&A. —James Gorman My client, a regional financial corporation with significant multi-state banking and investment operations, seeks to...
View ArticleWashington University: movin’ on up
Diversification is protection against ignorance; it makes little sense if you know what you are doing. —Warren Buffett (1996 annual meeting) How boards and investment offices make all the difference...
View ArticleThat one in a million
There can be few fields of human endeavor in which history counts for so little as in the world of finance. —John Kenneth Galbraith I recently reviewed endowment performance and investment talent with...
View ArticleEndowment Performance Rankings 2025: What, me worry?
The trend is your friend… until it isn’t. —Anonymous Our latest endowment performance report features ten-year and one-year returns, along with AUM, for one-hundred-forty-six US and nine Canadian...
View ArticleOCIO Directory Fall 2025: So many!
The price of ability does not depend on merit but on supply and demand. – George Bernard Shaw For our summer 2023 OCIO directory we wrote: Despite the Nasdaq losing a third of its value, 33%, the...
View ArticleSearches
OCIO Directory Fall 2025: So many! Endowment Rankings 1-yr FY25 Everything worked! Pay and Performance at Private Foundations Affluent Family Affairs The post Searches appeared first on Charles...
View ArticleAdela Skenderasi, new CIO, Cystic Fibrosis Foundation
Adela Skenderasi, new CIO, Cystic Fibrosis Foundation x Brown Advisory, xIMF, xGeorgetown, MBA Virginia Tech The post Adela Skenderasi, new CIO, Cystic Fibrosis Foundation appeared first on Charles...
View ArticleBrendon Reay, new MD investments Bush Foundation
Brendon Reay, new MD investments Bush Foundation xMaine Community Foundation, xCambridge Associates, PhD Stanford, MS Boston U, MA Bryan Mawr, BA Reed The post Brendon Reay, new MD investments Bush...
View ArticleChanging Times
“People don’t know what they want until you show it to them.” — Steve Jobs The late David Swensen, Yale’s formative chief investment officer, found value in dark corners, those unknown managers and...
View ArticlePay and Performance at Private Foundations
What’s worth doing is worth doing for money. — Gordon Gekko (Michael Douglas) Wall Street What do investment professionals earn at nonprofit institutions? We recruit these executives for a living, so...
View ArticleSmart money
If I disagree with something, I either bet against it, or I keep silent – Amarillo Slim It’s been a festive fifty years for the alternative investment industry, with private equity the belle of the...
View ArticleOCIO 2025: the winds of change
When the winds of change blow, some people build walls and others build windmills ― Chinese proverb There’s a lot of money to manage in this world, about $471 trillion US dollars according to the...
View ArticleOCIO directory, spring 2025, Time and Money
I never wanted this for you. We just ran out of time, Vito Corleone ― The Godfather Our spring 2025 Outsourced Chief Investment Officer (OCIO) directory update features one-hundred-seven service...
View ArticleFoundation Investing: if you’ve seen one private foundation…
Let me tell you about the very rich. They are different from you and me. ― F. Scott Fitzgerald, The Great Gatsby Suppose the Princeton or Yale endowment investment staff wanted to go all-in on a single...
View ArticleIt’s Harder Than You Think
Too many people think investing is easy – Warren Buffett Guest commentary: Jon Hirtle Executive Chairman, Hirtle Callaghan Most universities distribute about 4.5 to 5 percent of their endowment’s value...
View ArticleThe 8% solution
Activity is the enemy of investment returns —Warren Buffett Endowment board members tell us their schools must earn at least eight percent on average to support operations and administration, student...
View Article
![ONEW – KAKERA -Unmei no Piece- – EP [iTunes Plus M4A]](http://is1-ssl.mzstatic.com/image/thumb/Music221/v4/d0/fb/86/d0fb86a5-ba60-4bea-41fb-7f54c125f518/VEATP-45908.jpg/296x296bb.webp)
