David F. Swensen (born 1954) is an American investor, endowment fund manager, and philanthropist. He has been the chief investment officer at Yale University since 1985.
Don't let what other people say disturb your mind. Be happy.
The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services.
Maybe the yogi is a parent who's a little more patient with their child, or a more compassionate coworker, or an understanding boss. Perhaps, they pick up a piece of trash that wasn't theirs, turn off a light when they're not in the room, or turn off the water while they brush their teeth, sensitive to the finite nature of our worldly resources. When we become mindful this way, there's a ripple effect. We inspire others to do the same.
That which works is authentic. It's a practical truth. What really matters is that we find benefit, regardless of whether it's an ancient traditional approach or some new version, popular or obscure.
The real riches of yoga cannot be seen; they are felt and experienced from the inside out.
Most active mutual funds are more interested in collecting fees than in boosting returns for investors.
I've always viewed high-frequency trading as a tax on the rest of us.
Invest in low-turnover, passively managed index funds. . . and stay away from profit-driven investment management organizations. . . The mutual fund industry is a colossal failure. . . resulting from its systematic exploitation of individual investors. . . as funds extract enormous sums from investors in exchange for providing a shocking disservice. . . Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.
Never underestimate the gullibility of large pools of money.
I encourage students to check out different styles of yoga and different teachers even within one system. Seek the teacher that inspires you, and practice the yoga that makes you feel the best. You'll then find the authentic practice for your life and path.
Jack Bogle's passionate cry of Enough! contains a thought-provoking litany of life lessons regarding our individual roles in commerce and society. Employing a seamless mix of personal anecdotes, hard evidence and all-too-often-underrated subjective admonitions, Bogle challenges each of us to aspire to become better members of our families, our professions and our communities. Rarely do so few pages provoke so much thought. Read this book.
Practicing yoga is a constant evolution. The Ashtanga system can appear very rigid, with its predetermined sequences, but actually there's great freedom within its structure. From the repetition, we learn to find depth in the minutiae of the actions and the wonder of breath and prana.
Unless an investor has access to 'incredibly high-qualified professionals,' they should be 100 percent passive - that includes almost all individual investors and most institutional investors.
I believe that the greatest teachers create thinking students.
I think regular Iowans are cynical of this whole idea of corporate welfare, with the biggest awards going to the most profitable companies. It doesn't make sense.
I've tried many other styles of yoga, but nothing has ever given me the same centeredness, energy, and internal balance that I feel when practicing Ashtanga Yoga.
I've worked many jobs throughout my life, which has ultimately enhanced my appreciation for the opportunity to teach yoga and share something so positive.
When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating the index fund.