This is the best summary I could come up with:

The first step, said the late investor and endowment fund manager David Swensen in a 2020 interview with NPR correspondent Chris Arnold, is to "understand the underlying dynamics of the investment world.

And he was the author of Unconventional Success: A Fundamental Approach to Personal Investment, a guide on how individual investors can manage their financial assets.

He and Brigitte Madrian, a behavioral economist at Brigham Young University, spoke to NPR about how to create a smart, well-diversified portfolio that can earn you a lot of money later in life.

Some suggest what’s called “dollar cost averaging” where you make a series of gradual moves over a year and a half to end up where you want to be.

Vanguard’s founder, the late Jack Bogle, set up the company with the mission to give people a range of index funds and advice that’s in the customer’s best interest.

Other advisors can make extra commission money by steering you into investments, such as actively managed mutual funds, that have high fees.

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