I have 14 hours of flight time, each way, in front of me and I have been trying to figure out what to do to pass the time. I can't watch DVDs that long and I can't read that long either.
I have been holding out on reading Freakonomics because I figure I will have to read it twice, and a 14 hour plane ride might be a good time to do that, but thanks to CNBC's segment with Yale Endowment Fund CIO Dave Swenson I am going to read Unconventional Success : A Fundamental Approach to Personal Investment by Mr Swenson.
In the interview he laid out the current asset allocation for the Yale fund as follows;
- Absolute Return 25%
- Real Assets 25%
- Private Equity 17%
- Foreign Equity 14%
- Domestic Equity 14%
- Domestic Bonds 5%
- Don't try to outsmart the market
- Buy index funds but shop carefully