Quote of the day by David Swensen: “If you’re investing with a long time horizon, having an equity bias makes sense; stocks go up in the long run”

David Swensen emphasised the importance of maintaining an equity bias for long-term investors, noting that stocks tend to deliver stronger returns over extended horizons. Despite short-term volatility, equities reward patience and discipline. His advice highlights the value of staying invested, avoiding market timing, and aligning portfolios with long-term financial goals.