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Adam Shapiro的更多文章

  • Diversification Ad Absurdum
    2025年1月22日

    Diversification Ad Absurdum

    LET’S HEAR IT FOR the Michigan State University (MSU) endowment, which topped Pension & Investments (P&I)’s list of…

    7 条评论
  • When Genius Failed: Family Wealth & Endowment Edition
    2024年10月16日

    When Genius Failed: Family Wealth & Endowment Edition

    ON MY LIST OF GREAT business books, When Genius Failed by Roger Lowenstein is near the top. It tells the fascinating…

    4 条评论
  • The Case for Endowment Investing as a Career
    2024年7月1日

    The Case for Endowment Investing as a Career

    NEARLY 50 YEARS AGO, a movie scene in The Graduate gave us perhaps the most famous career advice of all time: “Just one…

    3 条评论
  • Alpha Is Rare. Here Are Five Places to Find It.
    2024年4月11日

    Alpha Is Rare. Here Are Five Places to Find It.

    WHERE YOU FIND GOLD, you are probably going to find copper. Where you find diamonds, you are probably going to find…

    1 条评论
  • A Meta-Rule for Golf and Portfolios
    2024年1月24日

    A Meta-Rule for Golf and Portfolios

    THERE IS A GOLF INSTRUCTIONAL video on the internet that has been watched over 500,000 times. Here is a transcript of a…

    7 条评论
  • Portfolio Goals: Let There Be Nothing Left to Take Away
    2023年12月5日

    Portfolio Goals: Let There Be Nothing Left to Take Away

    HAVE YOU EVER WATCHED a CNC machine carve something beautiful out of a rough block of metal? I find this process of…

    3 条评论
  • Don't Settle: Mediocre Returns Are Not OK
    2023年11月1日

    Don't Settle: Mediocre Returns Are Not OK

    WE HEAR IT ALL THE time: “It’s a stay-rich strategy.” What it usually means: “My portfolio is underperforming, but I’m…

    4 条评论
  • Family Portfolios: A New Framework
    2023年9月21日

    Family Portfolios: A New Framework

    IF YOU WERE MANAGING A POOL OF CAPITAL starting 10-20 years ago, there’s a good chance you took inspiration from the…

    5 条评论
  • Don't Trust Your Gut. Smaller Funds Are Safer.
    2023年7月13日

    Don't Trust Your Gut. Smaller Funds Are Safer.

    AT A DINNER EARLIER THIS MONTH, I described East Rock’s strategy to a hedge fund manager and a Wall Street lawyer. I…

    6 条评论
  • A Seed Investor Who Made a Difference, and Why Founders and Allocators Need to Know About It
    2023年4月28日

    A Seed Investor Who Made a Difference, and Why Founders and Allocators Need to Know About It

    ON SEPTEMBER 19, 2008, I was on the receiving end of an extraordinary pep talk. It was the early days of East Rock.

    3 条评论