Capital Allocators – Inside the Institutional Investment Industry

[REPLAY] Andrew Golden – Beyond the Long Term (Capital Allocators, EP.13)

29 snips
Sep 4, 2023
Andrew Golden, President of Princeton University's Investment Management Company (PRINCO), shares insights from his impressive career managing one of the world’s top endowments. He discusses the transformation of asset allocation strategies over the years and emphasizes the value of team dynamics and collaborative decision-making. Listeners will find his thoughts on talent cultivation, navigating market challenges, and the importance of long-term investment perspectives particularly engaging. Golden’s subtle humor and personal reflections add a delightful touch to the conversation.
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ANECDOTE

From Photographer to Financier

  • Andy Golden's career began unconventionally as a photographer pursuing artistic aspirations.
  • This led him to management, sparking an interest in organizational dynamics and economics.
INSIGHT

Success as a Hindrance

  • Princeton's past investment success, driven by a volunteer and later a trustee committee, ironically hindered its development.
  • This structure delayed the establishment of a professional investment office until 1987.
INSIGHT

Core Investment Beliefs

  • Focus on your inherent advantages, build acquirable advantages, and acknowledge unchangeable disadvantages.
  • This principle guides investment strategies and portfolio construction.
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