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Andrew Golden

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106
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2020-04-23
most recent
2020-04-23
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1
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podcast

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  1. Yeah, yeah. But, you know, trying to organize a bunch of folks to throughput work, I stumbled on this economic principle of adverse selection that if you treat people really badly, then you're unlikely to get really great people working for you when it creates a vicious cycle. So I had this notion that maybe there'd be a better way to let workers share in the gains, the productivity gains that they...

    2020-04-23 · Capital Allocators · [REPLAY] Andrew Golden - Princeton University's Chief Investing Tiger (Capital Allocators, EP.13) · IDENTIFIED FROM THE TRANSCRIPT · source

  2. And I ended up kind of moving up the de facto ranks and getting involved in management. The assistant to the manager, not the assistant manager of this 10 photographer studio. And that actually got me interested in organizational issues. I was a philosophy major undergrad. I had not taken anything practical.

    2020-04-23 · Capital Allocators · [REPLAY] Andrew Golden - Princeton University's Chief Investing Tiger (Capital Allocators, EP.13) · IDENTIFIED FROM THE TRANSCRIPT · source

  3. You know, I was a photographer really as a day job supporting artistic aspirations And what interested me in photography was The idea that maybe I could do some art with it. And I remember getting very excited when I finally landed a day job in photography as opposed to before that. I was basically carrying heavy things and I drove a truck a little bit. And then, of course, I had a lot of bartending. So I finally got the photography job. And along the way, after some geographic moves, I ended up in the in-house advertising photography group for a department store.

    2020-04-23 · Capital Allocators · [REPLAY] Andrew Golden - Princeton University's Chief Investing Tiger (Capital Allocators, EP.13) · IDENTIFIED FROM THE TRANSCRIPT · source

  4. 22 years in the same seat. So you started your career as a professional photographer, which is not the normal path to endowment management. How did you get from being a photographer to running the show here at Princeton?

    2020-04-23 · Capital Allocators · [REPLAY] Andrew Golden - Princeton University's Chief Investing Tiger (Capital Allocators, EP.13) · IDENTIFIED FROM THE TRANSCRIPT · source

  5. The Yale School of Management. Our conversation discusses Princeton's endowment two decades ago and today, including its strategic advantages as an institution, shifts in thinking about asset allocation, decision making, team development, and partnership with managers. Andy's long tenure in the seat, his insight and wisdom provide a treasure trove of information about how a top endowment manager practices his craft, and his subtle wit always keeps things light. I hope you enjoy the show. If you do, please tell a friend, just one, and help spread the word. Please enjoy my conversation with Andy Golden. Andy, thanks for joining me.

    2020-04-23 · Capital Allocators · [REPLAY] Andrew Golden - Princeton University's Chief Investing Tiger (Capital Allocators, EP.13) · IDENTIFIED FROM THE TRANSCRIPT · source

  6. My guest on today's show is Andy Golden, the president of Princeton University's Investment Management Company for the last 22 years, having grown from three billion at the time of his arrival to twenty two and a half billion today, Princo has been among the highest performing endowments in the world. Andy came to Princo from Duke Management Company, where he was an investment director and received his formative training in the business working for David Swenson at the Yale University Investment Office. Andy currently serves on the fund advisory boards of several well-known private equity inventure capital managers, including Bain Capital, General Catalyst Partners, and Greylock Partners. He was a founding member of the Investors Committee of the President's Working Group on Financial Markets and serves as a trustee of the Princeton Area Community Foundation and Rutgers Preparatory School.

    2020-04-23 · Capital Allocators · [REPLAY] Andrew Golden - Princeton University's Chief Investing Tiger (Capital Allocators, EP.13) · IDENTIFIED FROM THE TRANSCRIPT · source