Investing

Let's start at the beginning by reviewing the idealized Swensen model.

This model addresses the challenges of investing in a changing world.

The difference between us and everyone else is we were well prepared for this to happen.

These portfolios were designed to address unpriceable risk and to answer the question, "What then?"

These models are based on the original late-1980s Yale investment strategy.

What is different this time is the globalization of the supply chain . . . is now unraveling at the same time the forty-year era of declining interest rates from 1981 to 2021 appears to be over.