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Is The Endowment Model Relevant For Individual Investors?

FYI: The endowment style of investing, developed by David Swenson at Yale University in the mid-1980s, has gained increased attention over the past several decades as more investors seek to emulate part or all of the more diversified strategy. Yet over the past few years, criticism of the model has surfaced given its somewhat anemic performance relative to more traditional public market-based strategies.
Regards,
Ted
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