Unconventional Success: A Fundamental Approach to Personal Investment
Swensen, David F.
ISBN 10: 0743228383 ISBN 13: 9780743228381
Published by Free Press, 2005
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About this Item
Description:
May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0743228383I4N00
Synopsis:
In UNCONVENTIONAL SUCCESS, investment legend David Swensen reveals why the for-profit mutual fund industry consistently fails the average investor, from its excessive management and incentive fees to the frequent 'churning' of portfolios that forces investors to pay higher taxes. Perhaps most destructive of all are flagrant schemes designed to thwart regulators and further erode portfolios, limiting investor choice and reducing returns. Swensen's solution? A 'contrarian' investment alternative that creates more diversified, equity-oriented, 'market-mimicking' portfolios that minimize loss and reward the investor with the courage to stay the course. Swensen backs up his unconventional proposal with well-documented evidence supporting not-for-profit investment management companies such as Vanguard and advice on steering clear of poorly constructed funds. Bottom line? Swensen provides the guidance and financial know-how for improving the personal investor's bottom line.
About the Author: David F Swensen is Yale University's CIO and manages the university's $7 billion dollar endowment as well as several hundreds of millions of dollars in other investment funds. He also serves as a trustee and director on various investment boards and teaches at Yale.
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Bibliographic Details
Title: Unconventional Success: A Fundamental ...
Publisher: Free Press
Publication Date: 2005
Binding: Hardcover
Condition: Very Good
Dust Jacket Condition: No Jacket