David Weisburd

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So your committee is telling you this is what we want, but it's giving you flexibility on how to get it, which is a subtle distinction.

A lot of people think governance is either loose or tight, but there's also about giving people the ability to pick their tools to achieve the objective.

Many endowments, when I talk to them, they talk about their alpha strategies, how they're contrarian.

But then when you look at their returns and their asset allocations, they're very tightly banded.

Seems like there's a hesitancy to go against the grain because there's so much incentive not to do that.

What has led you to be more independent and willing to take risks where other endowments are not able to?

When we last chatted, you said that you like to spend a lot of your time with managers, talking to them about their best ideas.