MiB: Charley Ellis of Yale

This week, our Masters in Business radio podcast features Charley Ellis, Chair of the Yale Endowment, and author of Winning the Loser’s Game: Timeless Strategies for Successful Investing.

Ellis explains how he began his career in the Rockefeller family office; from there, he ended up at Donaldson Lufkin Jenrette (DLJ), then went on to launch his own firm Greenwich Associates. He chaired the CFA Institute, served on the faculty of Harvard Business School and the Yale School of Management, and was Chairman of the Yale Endowment, the investment committee working with CIO David Swensen. Ellis served on the board of Directors of Vanguard Group, and is an advisor to Wealthfront.

His is the author of 16 books, but some of my favorites include Winning the Loser’s Game (which we discuss extensively in the show), and one of my favorite collections of investing writing, The Investor’s Anthology: Original Ideas from the Industry’s Greatest Minds. His most recent book is titled Falling Short: The Coming Retirement Crisis and What to Do About It.

Listen to the show live on Bloomberg radio 10-11am today, 6-7pm podcast at Bloomberg, on Apple iTunes or SoundCloud. All of our prior podcasts are now available on iTunes.

Next week, we speak with Bobby Flay, Chef, Restaurateur, cookbook author and star of of the Food Network.

Category: Podcast

10 Weekend Reads

Welcome to the weekend. Pour yourself a mug of Guatemalan Antigua Valley coffee, settle in for our long form Saturday morning reads: • At Kodak, Clinging to a Future Beyond Film (NYT) • Stanford’s Most Popular Class Isn’t Computer Science—It’s Something Much More Important It’s Called “Designing Your Life,” A Course That’s Part Throwback, Part Foreshadowing Of Higher Education’s Future. (Fast…Read More

Category: Financial Press

Schools and Stimulus

Category: Think Tank

Blurred Lines vs. Got to Give it Up

Check out the two songs side by side: Their are some sonic, but not melodic, similarities: Its a bum jury decision . . .

Category: Friday Night Jazz, Legal, Music

Succinct Summation for Week’s Events 3.27.15

Succinct Summations of week ending March 27th Positives: 1. Markit’s Eurozone PMI rose to 54.1, the highest levels since May 2011. 2. Consumer prices rose 0.2% in February, in line with expectations. 3. Initial jobless claims fell to 282k, 8k less than expected. 4. New home sales came in at an annualized rate of 539k…Read More

Category: Markets

Shifting Sands in Middle East

Interesting collection of shifting alliances in the Middle East:   Source: WSJ

Category: Digital Media, Politics, War/Defense

Interest Rates Aren’t Going Anywhere . . .

Source: BAML, Fiscal Times     I have been fairly agnostic on several issues related to where interest rates are heading. It has never been my job to forecast where the 10-year yield will be in six months. Not predicting and not caring are two very different things, however. Rates matter a great deal — to investors, to the economy…Read More

Category: Credit, Federal Reserve, Fixed Income/Interest Rates, Psychology, Really, really bad calls, Taxes and Policy

Survey Says…

Joseph Saluzzi (jsaluzzi-at-ThemisTrading.com) and Sal L. Arnuk (sarnuk-at-ThemisTrading.com) are co-heads of the equity trading desk at Themis Trading LLC (www.themistrading.com), an independent, no conflict agency brokerage firm specializing in trading listed and OTC equities for institutions. Prior to founding Themis, Sal and Joe worked for more than 10 years at Instinet Corporation, pioneers in the…Read More

Category: Markets, Regulation, Think Tank, Trading

10 Friday AM Reads

Where does the time go? Its already Friday, and we present the finest morning train reads in the land: • In US Small-Caps, Quality Is on Sale (AB Global) see also This is nothing like the 2000 dot-com bubble (MarketWatch) • Hedge Funds: Don’t Call Us a Hedge Fund (WSJ) • Silicon Valley is seizing the customers: Instead of building for…Read More

Category: Financial Press

1968 Toyota 2000 GT

Source: Classic Driver

Category: Weekend