How Harvard and Yale Beat the Market What Individual Investors Can Learn From the Investment Strategies of the Most Successful University Endowments

by Tuttle, Matthew

• ISBN13: 9780470401767
• ISBN10: 0470401761
• Edition: 1st
• Format: Hardcover
• Copyright: 2009-04-06
• Publisher: Wiley

Summary

Praise for How Harvard and Yale Beat the Market"How Harvard and Yale Beat the Market is a must-read for anyone managing his own or other people's money. It demystifies new investments such as hedge funds and principal-protected products. This engaging handbook belongs in every investor's library." -Deborah Weir, Parker Global Strategies, author of Timing the Market: How to Profit in the Stock Market Using the Yield Curve, Technical Analysis, and Cultural IndicatorsIn today's volatile market, investors are looking for new ways to lower their risk profile. For author Matthew Tuttle, the best means of achieving this goal is to look towards large university endowments-which attempt to capture consistent returns while maintaining a low level of risk.How Harvard and Yale Beat the Market explores the benefits of endowment investing and shows you how to structure your individual investment endeavors around an endowment-type portfolio. While the average investor doesn't have access to many of the money managers and vehicles that high-profile endowments use, you can still learn from the investment strategies outlined here and implement them in your own investment activities. Filled with timely tips and practical advice from an expert who designs portfolios based on endowment investment strategies, How Harvard and Yale Beat the Market will put you in a better position to achieve investment success.

Author Biography

Matthew Tuttle, CFP, is a partner in the Private Client Group, LLC, and the President of Tuttle Wealth Management, LLC (an investment management strategic alliance of the Private Client Group, LLC). He has been interviewed on CNBC and CNNfn, and is a frequent contributor to Forbes.com, the Wall Street Journal, SmartMoney, and Dow Jones Newswires.

Table of Contents

Acknowledgments	p. v
Introduction: Why You Should Invest Like an Endowment	p. vii
Investment 101: An Introduction to the Endowment Philosophy of Investing
The Current Environment and the Need for New Thinking	p. 3
Common Investment Mistakes	p. 13
Diversification: The Best Investment Strategy	p. 25
Skill-Based Money Managers versus Style Box-Based Money Managers	p. 35
Introduction to the Endowment Philosophy	p. 53
Why Large Endowments Outperform the Market and How You Can, Tool	p. 63
Investment Vehicles
Mutual Funds, Separately Managed Accounts, Exchange-Traded Funds, and Exchange-Traded Notes	p. 79
Structured Products	p. 89
Hedge Funds and Funds of Funds	p. 97
Endowment Asset Classes and Investing Strategies
Absolute Return	p. 121
Stocks	p. 129
Bonds	p. 139
Real Assets and Commodities	p. 151
Managed Futures	p. 165
Private Equity	p. 177
Managing Some of Your Money In-House	p. 185
Portable Alpha	p. 197
Designing Your Portfolio
Suggested Allocations	p. 211
Choosing and Managing Money Managers	p. 217
Putting It All Together	p. 227
Putting It in Writing: The Investment Policy Statement	p. 243
Final Thoughts	p. 259
Appendix: Key Terms	p. 261
About the Author	p. 269
Index	p. 271
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