David Weisburd

You're not even making a decision.

It's almost an unconscious decision.

Absolutely.

Well, Nick, this has been an absolute masterclass.

Thanks very much for jumping on.

That's it for today's episode of How I Invest.

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Jeff, you're co-CIO of Neuberger Berman's roughly $550 billion asset manager.

You work both at a large asset manager as well as at an endowment.

Tell me about the difference between working at these two organizations.

So you worked under a previous guest, Britt Harris, who is the CEO and I believe CIO and CEO of Texas Teachers and also UTemco.

What was it like working with Britt?

For those that can't whiteboard 100 investments, what are ways that they should formulate their portfolio?

What are some good first principles for building an endowment-like portfolio?

Said another way, at a high level, you're optimizing returns with the constraint of what is your true tolerance for a drawdown?

So this is the most amount I could take in terms of drawdown.

And now how do I maximize my returns with that constraint?