The Pension Perspectives Library
A curated collection of seminal works for the modern allocator. From family succession to macroeconomic cycles, these texts form the intellectual bedrock of our industry.
Core Collections
Open Access Archive
We have made our full historical archive available to the public in the interest of advancing the field. No registration required.
Yale Endowment Report 2020
By David F. Swensen
Principles
By Ray Dalio
General Theory of Reflexivity
By George Soros
Berkshire Hathaway Shareholder Letters
By Warren Buffett
The Intelligent Investor (Summary)
By Benjamin Graham
Risk Revisited
By Howard Marks
Global Portfolio Optimization
By Black & Litterman
Value and Momentum Everywhere
By Asness, Moskowitz, Pedersen
Baupost Group Letter to Investors
By Seth Klarman
The Kelly Criterion in Blackjack Sports Betting and the Stock Market
By Edward O. Thorp
Portfolio Selection
By Harry Markowitz
Capital Asset Prices
By William F. Sharpe
The Cross-Section of Expected Stock Returns
By Fama & French
Determinants of Portfolio Performance
By Brinson, Hood, Beebower
Global Portfolio Optimization
By Black & Litterman
Lifetime Portfolio Selection
By Paul A. Samuelson
Liquidity Preference as Behavior Towards Risk
By James Tobin
Prospect Theory
By Kahneman & Tversky
The Arbitrage Theory of Capital Asset Pricing
By Stephen A. Ross
Do Asset Prices Reflect Fundamentals?
By Robert J. Shiller
Active Portfolio Management (Notes)
By Grinold & Kahn
The Quest for Alpha (Chapter 1)
By Larry Swedroe
The Loser's Game
By Charles D. Ellis
Untangling Skill and Luck
By Michael Mauboussin
On Persistence in Mutual Fund Performance
By Mark Carhart
Mutual Fund Flows and Performance
By Berk & Green
Selection and Termination of Investment Firms
By Goyal & Wahal
Factor Investing in the Corporate Bond Market
By Andrew Ang
How Active is Your Fund Manager?
By Cremers & Petajisto
Manager Selection
By Jeffery Bailey
Family Wealth: Keeping It in the Family (Chapter 1)
By James E. Hughes Jr.
Wealth in Families (Executive Summary)
By Charles W. Collier
Governing the Family Enterprise
By Dennis T. Jaffe
Immigrants and Natives to Wealth
By James Grubman
The Voice of the Rising Generation (Excerpt)
By Hughes, Massenzio, Whitaker
The Three-Circle Model of Family Business
By Kelin E. Gersick
The Five Capitals of Family Wealth
By James E. Hughes Jr.
Preparing Heirs: Five Steps to Successful Transition
By Roy Williams & Vic Preisser
Family Trusts (Chapter 1)
By Hartley Goldstone et al.
Navigating the Dark Side of Wealth (Summary)
By Thayer Willis
The Outsiders (Summary)
By William N. Thorndike
Good to Great (Overview)
By Jim Collins
Built to Last (Summary)
By Jim Collins & Jerry Porras
Disruptive Technologies: Catching the Wave
By Clayton Christensen
Strategic Inflection Points
By Andrew Grove
Who Says Elephants Can't Dance? (Summary)
By Louis V. Gerstner Jr.
Winning (Summary)
By Jack Welch
The Effective Executive (Overview)
By Peter Drucker
Measure What Matters (Summary)
By John Doerr
High Output Management (Summary)
By Andrew Grove
Thinking, Fast and Slow (Full Text)
By Daniel Kahneman
The Psychology of Money (Full Text)
By Morgan Housel
Misbehaving (Summary)
By Richard Thaler
Nudge (Summary)
By Thaler & Sunstein
Predictably Irrational (Full Text)
By Dan Ariely
Influence: The Psychology of Persuasion (Summary)
By Robert Cialdini
Fooled by Randomness (Summary)
By Nassim Nicholas Taleb
Your Money and Your Brain (Chapter 1)
By Jason Zweig
The Little Book of Behavioral Investing (Excerpt)
By James Montier
Scarcity (Summary)
By Mullainathan & Shafir
Pioneering Portfolio Management (Summary)
By David F. Swensen
Foundation and Endowment Investing (Excerpt)
By Lawrence E. Kochard & Cathleen M. Rittereiser
Investment Strategies in Oxford and Cambridge
By Shanta Acharya & Elroy Dimson
Managing Investment Portfolios (Overview)
By Maginn, Tuttle, McLeavey, Pinto
Strategic Asset Allocation (Full Text)
By John Y. Campbell & Luis M. Viceira
Expected Returns (Overview)
By Antti Ilmanen
Asset Allocation: Balancing Financial Risk (Excerpt)
By Roger C. Gibson
The Ivy Portfolio (Whitepaper)
By Meb Faber & Eric Richardson
Unconventional Success (Excerpt)
By David F. Swensen
More Than You Know (Excerpt)
By Michael Mauboussin
Manias, Panics, and Crashes (Full Text)
By Charles P. Kindleberger
This Time Is Different (Full Text)
By Carmen Reinhart & Kenneth Rogoff
The Great Crash 1929 (Full Text)
By John Kenneth Galbraith
Lords of Finance (Summary)
By Liaquat Ahamed
Too Big to Fail (Summary)
By Andrew Ross Sorkin
Against the Gods (Summary)
By Peter L. Bernstein
The Big Short (Summary)
By Michael Lewis
When Genius Failed (Summary)
By Roger Lowenstein
Devil Take the Hindmost (Review)
By Edward Chancellor
A History of Interest Rates (Excerpt)
By Sidney Homer & Richard Sylla
Winners Take All (Excerpt)
By Anand Giridharadas
The Life You Can Save (Full Text)
By Peter Singer
Impact Investing (Article)
By Antony Bugg-Levine & Jed Emerson
Doing Good Better (Summary)
By William MacAskill
Give Smart (Summary)
By Thomas J. Tierney & Joel L. Fleishman
The Promise of a Pencil (Summary)
By Adam Braun
Banker to the Poor
By Muhammad Yunus
Just Giving
By Rob Reich
Strategic Philanthropy
By Paul Brest & Hal Harvey
The Reputation of Philanthropy Since 1750
By Hugh Cunningham
Investment Leadership (Excerpt)
By James W. Ware et al.
Best Practice Investment Management (Excerpt)
By John L. Maginn
The Investment Committee (Article)
By D. Sykes Wilford
Institutional Investment Management (Guide)
By Frank J. Fabozzi
Governance Reimagined (Article)
By David R. Nadler
Boards That Lead (Excerpt)
By Ram Charan
The Imperfect Board Member (Summary)
By Jim Brown
Charity Governance (Code)
By Con Alexander
Nonprofit Governance (Guide)
By BoardSource
Effective Foundation Management (Article)
By Joel J. Orosz
The Handbook of Alternative Assets (Full Text)
By Mark J.P. Anson
Private Equity as an Asset Class (Full Text)
By Guy Fraser-Sampson
Hedge Fund Market Wizards (Full Text)
By Jack D. Schwager
Investing in Real Estate (Guide)
By Gary W. Eldred
Commodities and Commodity Derivatives (Full Text)
By Helyette Geman
The Art of Short Selling (Full Text)
By Kathryn F. Staley
Distressed Debt Analysis (Overview)
By Stephen G. Moyer
Venture Capital and the Finance of Innovation (Course)
By Andrew Metrick
Infrastructure as an Asset Class (Article)
By Mirjam Staub-Bisang
Art as an Investment (Report)
By Melanie Gerlis
The Holy Grail of Macroeconomics (Full Text)
By Richard Koo
The Rise and Fall of American Growth (Full Text)
By Robert J. Gordon
Capital in the Twenty-First Century (Full Text)
By Thomas Piketty
The General Theory of Employment, Interest and Money
By John Maynard Keynes
A Monetary History of the United States (Summary)
By Milton Friedman & Anna Schwartz
The Return of Depression Economics (Summary)
By Paul Krugman
Fault Lines (Summary)
By Raghuram Rajan
The Age of Turbulence (Summary)
By Alan Greenspan
Currency Wars (Summary)
By James Rickards
The End of Alchemy (Summary)
By Mervyn King