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Richard Ennis – The Modern Endowment Story: A Ubiquitous U.S. Equity Risk Premium (The Best Investment Writing Volume 6)

The Meb Faber Show - Better Investing

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The Us Equity Factor and Endowment Returns

The modern era constitutes a fourth era of endowmentness in dusting, when large endowments became all in us. Equity investors. As i shorten the historical period, the investment grade alication decreases from 16% to just three%. The same time, the russel three thousand crowds the other asset classes out of the solution entirely. What we are left with for the most recent five to seven years is a mimicing portfolio that is 97 % us. Equity and 3 % of what appears to be frictional cash.

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