People who Make a Difference
A pioneering investor who ran Yale University’s endowment, David Swensen, died this week at the age of 67 after a years-long battle with cancer. Swensen revolutionized the way many colleges invest, infusing some schools and nonprofits with vastly more resources to pay for things like financial aid for students and research.
David Swensen speaks in 2012 at an event honoring Jack Bogle, who created the first index fund. Like Bogle, Swensen was a champion of the everyday investor who he thought should invest in low-fee index funds and steer clear of actively managed mutual funds with higher fees
