Crisis Preparedness Strategies
Tom discusses the importance of having a rainy day fund to cushion against market downturns, emphasizing that historical spending patterns reveal a significant portion occurs in the last quarter of the year. He highlights the necessity of building strong relationships with committee members to foster trust, ensuring that when crises arise, informed decisions can be made swiftly. The conversation also touches on the lessons learned from past market fluctuations and the importance of having a well-prepared playbook.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Tom Lenehan – Taking the Helm at the Wallace Foundation (Capital Allocators, EP.246)
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