Unconventional Success: A Fundamental Approach to Personal Investment by Swensen, David F.
Unconventional Success: A Fundamental Approach to Personal Investment by Swensen, David F.

Unconventional Success: A Fundamental Approach to Personal Investment

The bestselling author of Pioneering Portfolio Management, the definitive template for institutional fund management, returns with a...
HK$363.76
HK$363.76
SKU: 9780743228381
Product Type: Books
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Author: David F. Swensen
Format: Hardcover
Language: English
Subtotal: $363.76
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Unconventional Success: A Fundamental Approach to Personal Investment by Swensen, David F.

Unconventional Success: A Fundamental Approach to Personal Investment

$363.76
Unconventional Success: A Fundamental Approach to Personal Investment by Swensen, David F.

Unconventional Success: A Fundamental Approach to Personal Investment

$363.76
Author: David F. Swensen
Format: Hardcover
Language: English
Description
The bestselling author of Pioneering Portfolio Management, the definitive template for institutional fund management, returns with a book that shows individual investors how to manage their financial assets.

In Unconventional Success, investment legend David F. Swensen offers incontrovertible evidence that the for-profit mutual fund industry consistently fails the average investor. From excessive management fees to the frequent churning of portfolios, the relentless pursuit of profits by mutual fund management companies harms individual clients. Perhaps most destructive of all are the hidden schemes that limit investor choice and reduce returns, including pay-to-play product-placement fees, stale-price trading scams, soft-dollar kickbacks, and 12b-1 distribution charges.

Even if investors manage to emerge unscathed from an encounter with the profit-seeking mutual fund industry, individuals face the likelihood of self-inflicted pain. The common practice of selling losers and buying winners (and doing both too often) damages portfolio returns and increases tax liabilities, delivering a one-two punch to investor aspirations.

In short: Nearly insurmountable hurdles confront ordinary investors.

Swensen's solution? A contrarian investment alternative that promotes well-diversified, equity-oriented, market-mimicking portfolios that reward investors who exhibit the courage to stay the course. Swensen suggests implementing his nonconformist proposal with investor-friendly, not-for-profit investment companies such as Vanguard and TIAA-CREF. By avoiding actively managed funds and employing client-oriented mutual fund managers, investors create the preconditions for investment success.

Bottom line? Unconventional Success provides the guidance and financial know-how for improving the personal investor's financial future.

Author: David F. Swensen
Publisher: Free Press
Published: 08/09/2005
Pages: 416
Binding Type: Hardcover
Weight: 1.35lbs
Size: 9.30h x 6.40w x 1.30d
ISBN: 9780743228381


Review Citation(s):
Ingram Advance 08/01/2005 pg. 27
Booklist 08/01/2005 pg. 1976

About the Author
David F. Swensen (1954-2021) was the chief investment officer of Yale University and the bestselling author of Pioneering Portfolio Management. He served on the boards of TIAA, The Brookings Institution, Carnegie Institution, and Hopkins School. At Yale, where he produced an unparalleled two-decade investment record of 16.1 percent-per-annum returns, he taught economics classes at Yale College and finance classes at Yale's School of Management.
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