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Finding a Money Manager

Finding a Money Manager

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    Bubbie knew little of investing. But she knew that over time, the stock market went up. And she wanted her endowment to be allowed to grow with it. If she was good or lucky or both and she could compound her principal at “just” 10% a year, she knew that it would double in 7.2 years – she had read The Rule of 72 along the way from her IPO dealings.

    She had $20 million to invest. Its growth (or shrinkage rate) had a LOT to do with how future generations of immigrated single mothers’ lives ...

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