MSU endowment beats peers by ‘not minding that it hurts’
CIO Philip Zecher rides out tariff storm with long-term view; singles out ‘Mag 3’ tech stocks
In a famous scene from the 1962 film Lawrence of Arabia, the protagonist burns a match to his fingers without so much as a flinch. When his fellow soldiers recoil in pain from their own attempts, they seek his secret. “The trick,” Lawrence explains, “is not minding that it hurts.”
For Philip Zecher, chief investment officer for Michigan State University’s $4.4 billion endowment fund, the match scene has become a maxim for riding out the more painful episodes of market volatility – including the
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