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I also disagree with the strategy. An individual investor is not an endowment fund. Getting a fat return in 20-30 years is not a viable strategy for most people, though it will work fine for Harvard. Trying to copy an institution like this is bad advice.
Dec 03 10:16 am
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All Comments by Alan Young »Harvard's Portfolio: Top-Heavy in International ETFs [View article]
Arguello--"patron states"? "client states"? I haven't heard that terminology since the Cold War. Your economics are reasonable, but maybe you could update your world view.