How "Stealing" Harvard's Investment Strategy Can Make You Rich

How "Stealing" Harvard's Investment Strategy Can Make You Rich | investment

When I spoke with Jack Meyer, the former manager of Harvard University's endowment, at the offices of Goldman Sachs on Fleet Street in London back in 2009, he was thoroughly chastened by the recent 25%+ drop in the value of Harvard's endowment. A month or two later, Stanford University's President John Hennessy, reflecting his Silicon Valley roots, was more optimistic about Stanford's similar collapse, telling me: "Look, Nick, it's not the end of the world. It just puts us back to where we were in 2006." Hennessy's optimism notwithstanding, the crash of 2008 turned much of the financial world on its head. This included much-vaunted "Yale model" that had made Harvard and Yale tens of billions of extra dollars over the past two decades.

Despite the challenges of the market meltdown of 2008, the "Yale model" remains one of the most powerful investment strategies a
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