When you have a complex problem, & it's an important topic ... who do you pick to help you solve it?

Most popular person? Most likable person? Most attractive person? Most articulate person? Most experienced person? Most knowledgable person?
If you're like most of us, you'd pick the most experienced, most knowledgable person to help.

In the world of investment portfolios those people would be the managers of the Harvard, Yale, and Princeton Endowments. Together, these 3 portfolios exceed $130 Billion ... (that's 130,000 million)!!! 3 portfolios worth 130,000 million dollars!! WITH THAT AMOUNT OF MONEY AT STAKE ... THE PORTFOLIO MANAGERS ARE EXPERIENCED & KNOWLEDGABLE.

Oh ... did I mention that their performance is outstanding??

So, when I have a complex portfolio management question... who should I look to?

Well guess what... portfolio management is getting more complex. (Emerging economies, devaluation of the US dollar, trade defecits, complicated monitary policy, inflation, energy costs, mortgage melt-downs, banks treading on thin ice, etc.)

We can learn a lot by studying the big endowments. At Harvard, Yale & Princeton, they know what they're doing.

When you follow a leader (who is experienced & knowledgable) you want to walk in their foot-prints.