Princeton Diversifies $25.9 Billion Endowment

The transcript discusses the low acceptance rates for students and asset managers, highlighting Princeton's endowment strategy. It emphasizes the importance of diversification by introducing diverse managers, which has shown positive results. The investment strategy has been successful, with Princeton ranking high in returns. The transcript also touches on the secrecy of endowments and the potential for more open discussions about diversity in management.

Why does Andrew Golden believe in the importance of diverse perspectives?

What challenges do endowments face regarding transparency and communication?