A cutting-edge look at the endowment model of investingMany larger endowments and foundations have adopted a broadly diversified asset allocation strategy with only a small amount of traditional U.S. equities and bonds. This technique, known as the "endowment model of investing," has demonstrated consistent long-term performance and attracted the attention of numerous institutional and individual investors.With The Endowment Model of Investing Leibowitz, Bova, and Hammond take a closer look at the endowment model with customary research sophistication and attention to detail. Throughout the book, they examine how the model provides truly outstanding real returns, while keeping a close eye on the risks associated with this method of investing. Along the way, the authors offer practical advice on incorporating the endowment model into your own investment endeavors and reveal what it takes to make this method work in the real world.Details the growing debate about the endowment model of investing and discusses how to use it successfullyWritten by an authority on endowment investing and non-traditional asset allocation strategiesOffers expert insights on understanding risk and return in non traditional asset allocationIf you want to gain a better grasp of one of the most successful forms of investing, then The Endowment Model of Investing is a book you need to read.

对投资许多大型捐赠基金和基金会的捐赠模式的前沿研究采用了广泛多样化的资产配置策略，只有少量的传统美国股票和债券。这种技术被称为“投资的捐赠模式”，表现出一致的长期业绩，吸引了众多机构和个人投资者的注意，而哈蒙德则以惯常的研究成熟度和对细节的关注来仔细审视捐赠模式。在整本书中，他们研究了模型如何提供真正出色的实际回报，同时密切关注与这种投资方法相关的风险。一路上，作者就如何将捐赠模式融入到自己的投资活动中提出了切实可行的建议，并揭示了如何使这种方法在现实世界中发挥作用。详细介绍了关于投资捐赠模式的日益增长的争论，并讨论了如何成功地使用由一位捐赠投资和非传统基金权威人士撰写的捐赠模式资产配置策略提供了在理解非传统资产配置中的风险和回报方面的专家见解如果你想更好地掌握最成功的投资形式之一，那么投资的捐赠模式是一本你需要阅读的书。