The mismanagement of SVB’s balance sheet got me thinking about other times in the past investing through periods when asset prices felt inflated across the board. Institutions strive to meet return hurdles pretty much year-in and year-out, but that’s not how markets work. Playing for Tomorrow discusses one of my favorite long-term investing disciplines – positioning portfolios to play for opportunities yet to come. Learn More  Follow Ted on Twitter at @tseides or LinkedIn  Subscribe to the mailing list  Access Transcript with Premium Membership