Letitia Johnson - Concentrated and Long-Term at Amherst College (EP.382)

This podcast episode explores the unique journey and investment approach of Letitia Johnson, the chief investment officer of Amherst College. Johnson's diverse educational background and international experiences have shaped her investment philosophy. She emphasizes the importance of long-term, trusted partnerships with managers and a bottom-up approach to investing. Amherst College's endowment focuses on building relationships and investing counter-cyclically, with a goal of achieving a 10% compound annualized return. Johnson highlights the value of execution, flexibility, and deep understanding of investments in managing the portfolio.