The MK Allocate 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.
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Curated learning paths for investment professionals. Start with our "New CIO Essentials" or explore behavioral finance foundations.
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We have made our full historical archive available to the public in the interest of advancing the field. No registration required.
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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
The Cycle of the Gift
By James E. Hughes Jr.
Family Governance: Structures and Practices
By Family Business Review
CEO Succession Planning (Overview)
By Harvard Business Review
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
Good to Great (Summary)
By Jim Collins
Prospect Theory: An Analysis of Decision under Risk
By Kahneman & Tversky
Thinking, Fast and Slow (Summary)
By Daniel Kahneman
Nudge: Improving Decisions (Overview)
By Thaler & Sunstein
The Psychology of Money
By Morgan Housel
Mental Accounting and Consumer Choice
By Richard Thaler
Overconfidence and Excess Entry
By Camerer & Lovallo
The Disposition Effect in Securities Trading
By Shefrin & Statman
Wealthy but Worried: The Psychological Burden of Affluence
By Luthar & Latendresse
The Behavior Gap
By Carl Richards
Loss Aversion in Riskless Choice
By Kahneman, Knetsch & Thaler
Pioneering Portfolio Management
By David F. Swensen
Secrets of the Academy: Drivers of Endowment Success
By Lerner, Schoar & Wang
The Endowment Model and Modern Portfolio Theory
By INFORMS
Failure of the Endowment Model
By Richard Ennis
The Endowment Model Reimagined
By Neuberger Berman
Yale Endowment Annual Report
By Yale Investments Office
The Denison Model vs The Yale Model
By Partners Capital
Endowment Asset Management: Oxford and Cambridge
By Acharya & Dimson
Unconventional Success
By David F. Swensen
The Evolution of the Yale Model
By Chronograph
This Time Is Different: Eight Centuries of Financial Folly
By Reinhart & Rogoff
Manias, Panics, and Crashes (Summary)
By Charles Kindleberger
The Aftermath of Financial Crises
By Reinhart & Rogoff
Bubbles and Crashes
By Abreu & Brunnermeier
Irrational Exuberance (Summary)
By Robert J. Shiller
The Great Crash 1929 (Overview)
By John Kenneth Galbraith
Too Big to Fail (Summary)
By Andrew Ross Sorkin
Systemic Risk and the Financial Crisis
By Yale Program on Financial Stability
A Panoramic View of Eight Centuries of Financial Crises
By Carmen Reinhart
The House of Morgan (Summary)
By Ron Chernow
GIIN Annual Impact Investor Survey
By Global Impact Investing Network
Impact Investing: Transforming How We Make Money
By Antony Bugg-Levine
Mission-Related Investments: An Introduction
By Mission Investors Exchange
The Ford Foundation's $1 Billion Commitment
By Ford Foundation
ESG Integration in Investment Management
By CFA Institute
Strategic Philanthropy for a Complex World
By Stanford Social Innovation Review
The Gospel of Wealth
By Andrew Carnegie
Giving Pledge: Letters
By Various Billionaires
Impact Measurement and Management
By GIIN
Catalytic Capital: Unlocking More Investment
By MacArthur Foundation
Best Practices for Investment Committees
By CFA Institute
Fiduciary Duties of Investment Committees
By Department of Labor
Investment Policy Statement Best Practices
By Greenwich Associates
Pension Fund Governance: Challenges and Solutions
By OECD
The Role of the Board in Investment Oversight
By NACUBO
Investment Committee Charter Template
By Northern Trust
Governance Alpha: The Importance of Good Governance
By Cambridge Associates
Decision-Making Processes for Investment Committees
By Russell Investments
Conflicts of Interest in Investment Management
By CFA Institute
The Prudent Investor Rule
By American Law Institute
Private Equity at Work
By Eileen Appelbaum
Hedge Fund Market Wizards (Summary)
By Jack Schwager
The Illiquidity Premium
By Yakov Amihud
Real Estate Investment: A Strategic Approach
By David Geltner
Venture Capital and the Finance of Innovation
By Andrew Metrick
Commodities in Asset Allocation
By Ibbotson Associates
Infrastructure Investing: Key Benefits and Risks
By Preqin
The Case for Hedge Funds
By AQR Capital Management
Private Credit: An Emerging Asset Class
By BlackRock
Timberland and Farmland Investing
By NCREIF
Inflation and Asset Returns
By Cieslak & Pflueger
The Business Cycle Approach to Asset Allocation
By Fidelity Investments
A Monetary History of the United States (Summary)
By Friedman & Schwartz
The Long Wave in Economic Life
By Nikolai Kondratiev
Interest Rate Cycles and Portfolio Allocation
By BlackRock
Macroeconomic Cycles and Asset Class Returns
By Macrosynergy
The Taming of the Business Cycle
By J.P. Morgan
Regime-Based Asset Allocation
By FactSet
Secular Stagnation: Facts, Causes and Cures
By Lawrence Summers
The Great Moderation and Its Aftermath
By Federal Reserve