Harvard, Yale, and other elite endowments hire armies of experts and pour billions into private equity, hedge funds, venture capital, and real estate—yet simple public-market investing often leaves them behind. Don and Tom unpack the numbers, the fees, and the small college that took a much simpler route. Then Darcy calls with a retirement portfolio that gets an enthusiastic A+: globally diversified stocks, a bond ladder, smart asset location, and a flexible spending plan. Her biggest challe...