Capital Allocators – Inside the Institutional Investment Industry [REPLAY] Charley Ellis – The Magic of David Swensen (Capital Allocators, EP.197)
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Dec 12, 2022 Charley Ellis, founder of Greenwich Associates and author of sixteen investment books, shares personal anecdotes and insights on the late David Swensen, who transformed Yale's investment strategy. They discuss Swensen's rigorous decision-making discipline, high-performing team cultivation, and the evolving landscape of financial decision-making towards private equity. Charley reflects on the value of strong professional relationships and the impact of personalized investment strategies, creating a heartfelt tribute to an iconic figure in finance.
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First Meeting
- Charley Ellis first met David Swensen at a T. Rowe Price conference.
- Swensen was drawn to Ellis's emphasis on the professional side of investing.
Invitation and Preparation
- Swensen invited Ellis to join Yale's Investment Committee with minimal explanation.
- The workload and preparation required were substantial, demanding a 12-hour day from Ellis.
Consistent Preparation
- Yale's Investment Committee preparation was rigorous and consistent over time.
- This established a standard of diligence and thoroughness amongst members.
