We've been clear-eyed about what our strategy is since day one, and that hasn't changed.

By having an internal candidate become the CIO, we can stay laser-focused on what it is that we're

here to do.

There was no time wasted or lost repointing the ship.

That is a huge benefit. I also coming into the role, knew the portfolio,

especially some of our longstanding relationships, the role that they played, the value that they

added, the fact that those were not going to change anytime soon. Having some clear things that we

weren't going to be changing was very valuable. On the flip side, there were a couple new people

that joined as I became CIO. One of the things that is powerful right now about our team is that

we have a lot of people that bring different experience with them from other

investment offices. We understand and respect the history of the portfolio, why we've been

able to generate the returns that we have over time, what's important to stay focused on,

and yet we're not stagnant in the work that we're doing. That pairing is

important. And one of the things that's been very fun for me in having this team is the ability to

learn from them, to draw from them the best practices that they bring to the table from the different

places that they have all worked.

I'm Ted Sides, and this is Capital Allocators.

My guest on today's show is Abigail Watley, the chief investment officer of Williams College, where she oversees the school's $4.5 billion endowment. She became CIO three years ago upon the

retirement of Colette Chilton, whose past conversation is replayed in the feed.

Abigail has spent two decades in the Williams Investment Office, and her tenure

manifests the benefits of duration and institutional knowledge in the seat. Our conversation traces

Abigail's nearly 20-year journey inside the Williams Investment Office, from joining as an early

...