TIP265: THE ENDOWMENT MODEL OF INVESTING
W/ MARK YUSKO
20 October 2019
On today’s show we talk to Mark Yusko about the endowment model of investing and his years of peak performance in the markets.
IN THIS EPISODE, YOU’LL LEARN:
- How to invest like an endowment
- Why innovation in an asset class.
- Why portfolio construction is the most overlooked activity while security selection is the most overvalued activity
- Why asset allocation drives returns more than security selection
- Ask The Investors: Am I too old to start value investing?
TRANSCRIPT
Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.
Preston Pysh 00:02
On today’s show we have an incredible guest that’s a household name for anybody in finance, and that’s Mr. Mark Yusko. Mark has an incredible background managing the endowments of the University of North Carolina and Notre Dame. And as you’ll learn in the episode, he had quite the track record, while managing such huge sums of money for those universities. Additionally, Mark has founded and run his own firm for the past 15 years. That’s Morgan Creek Capital Management, where he still manages billions of dollars for other clients. And so without further delay, here’s our interview with the thoughtful Mark Yusko.
Intro 00:35
You are listening to The Investor’s Podcast, where we study the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.
Preston Pysh 01:00
Hey, everyone! Welcome to The Investor’s Podcast! I’m your host Preston Pysh, and as always, I’m accompanied by my co-host, Stig Brodersen. And like we said in the introduction, we have Mr. Mark Yusko with us today. And Mark, let me start by saying, why did we wait so long to do this discussion? I’ve been following your Twitter for years at this point, and we talk on Twitter from time to time. And I’m just excited that we’re finally doing this. And all I can say is thanks for making time and coming on the show today.
Mark Yusko 01:30
I have been following you as well, and I am really excited about the conversation tonight.
HELP US OUT!
What do you love about our podcast? Here’s our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!
BOOKS AND RESOURCES
- Mark Yusko’s company Morgan Creek Funds
- Robert Kiyosaki’s book, Rich Dad Poor Dad – Read reviews of this book
- Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting
NEW TO THE SHOW?
- Check out our We Study Billionaires Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best business podcasts.
P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!
SPONSORS
- Download your free audio book at Audible.
- Find the best job candidate at Ziprecruiter.
- Solve your long list of must-reads once and for all with Blinkist.
- Move your business to the cloud with Netsuite.
- Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
- Send money abroad the smart way with Transferwise.
Disclosure: The Investor’s Podcast Network is an Amazon Associate. We may earn commission from qualifying purchases made through our affiliate links.
PROMOTIONS
Check out our latest offer for all TIP listeners!