E346: $7 Billion CIO: Why the Endowment Model is Changing

So, Karen, you're the CIO of Spider Management, which manages roughly $7,000,000,000, and you came from Stanford's endowment nine years ago. When I sit back and think about the most important lesson, it's not the skill set or the mechanics of manager selection or portfolio construction.

It goes beyond the title with direct discussion of think, really, managers, including: What lessons do you take from working at Stanford's endowment to how you run Spider Management today?.

1. 01What lessons do you take from working at Stanford's endowment to how you run Spider Management today?
2. 02And both the people of our internal teams and the relationships that we build with the external managers with whom we invest
3. 03And I think what's really going to differentiate the best organizations, the best portfolios, the best investors going forward are the people on their teams and the relationships t