David F. Swensen, chief investment officer of Yale University gave a speech at the 60th annual conference of the Chartered Financial Analysts Institute. Swensen achieved fame by managing Yale's endowment and producing a 15.4 percent-a-year return from 1985 on.

Swensen said that he has two investment principles:

• If someone plans to stay invested a long time, he or she should prefer stocks to bonds, and

• That person should own a diversified portfolio.
More of his advice here.

Also in the news;
Hedge fund service provider, BISYS Group, Inc., today announced that it will host a business update conference call. A live Webcast of the conference call will be available on the company's Web site at www.bisys.com via the Investor Relations tab. The call will begin at 8:30 a.m. EST on Wednesday, May 2, 2007.

Good market information source here at the Kingsland Report.