This is Mottleypool Answers. I'm Alison Southwick and I'm joined as always by Robert

Inappropriate Brocamp. Inabropriot, yes. Thank you. Hi, everybody. In this week's episode,

Jason Moser is going to join us to walk us through the exciting future and investing possibilities

in the field of augmented reality.

All that and more on this week's episode of Motleyful Answers.

So, bro, what's up?

Well, so in a few years ago, I did a series of articles on the greatest investors of all time.

And we discussed some of them on the show.

But one person I don't think we discussed was

David Swenson, who is the manager of the endowment at Yale. He's been managing it since

1985. And he's also well known for a couple of books. He wrote a book, pioneering portfolio

management in the year 2000. That was more for professionals. And then he wrote a book

called unconventional success in 2005 for the average investor. And then back then, after he published

the book, David Gardner interviewed David Swenson on the Motley Fool's NPR radio show. I know. People

don't remember. Some of our listeners might remember. And by the way, a lot of those are still

available on the NPR website. You can go and hear a lot of those old things, including my then elementary school-age daughter reading the disclaimer three or four times. It's kind of cute. Anyway, so back then at that point, David Swenson had managed the endowment and earned 16% annualized returns and outperformed 99% of all

U.S.-based mutual funds.

How was he able to do it?

First of all, he invests beyond traditional U.S. stocks and bonds.

He has some of that, but also in all kinds of alternative assets like private equity, hedge funds.

It's probably not fair to compare him to mutual funds, right?

Right, to a certain degree. That's certainly true.

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