Given that the Princeton endowment portfolio contains numerous venture and private-equity holdings, I do not attach too much significance to annual investment results. The fiscal-year-end values of these holdings are estimates, which makes reporting annual portfolio returns to the first decimal place spurious, if not laughable, precision.
Given that the Princeton endowment portfolio contains numerous venture and private-equity holdings, I do not attach too much significance to annual investment results. The fiscal-year-end values of these holdings are estimates, which makes reporting annual portfolio returns to the first decimal place spurious, if not laughable, precision.