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Unconventional Success: A Fundamental Approach to Personal Investment
David F. Swensen
€ 26.99
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Description for Unconventional Success: A Fundamental Approach to Personal Investment
Hardcover. The author of the groundbreaking PIONEERING PORTFOLIO MANAGEMENT returns with a book that shows investors how to protect their assets in the long-term. Num Pages: 416 pages, index; notes. BIC Classification: VSB. Category: (G) General (US: Trade). Dimension: 234 x 155 x 33. Weight in Grams: 596.
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 ... Read more
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 ... Read more
Product Details
Format
Hardback
Publication date
2005
Publisher
Free Press
Condition
New
Number of Pages
416
Place of Publication
New York, United States
ISBN
9780743228381
SKU
V9780743228381
Shipping Time
Usually ships in 4 to 8 working days
Ref
99-1
About David F. Swensen
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 ... Read more
Reviews for Unconventional Success: A Fundamental Approach to Personal Investment
"Mutual fund managers and marketers are not going to like David Swensen's thoughtful and intelligently opinionated analysis of their 'colossal failure' resulting from the fund industry's 'systemic exploitation of investors.' Coming from the mind and heart of one of America's most successful and integrity-laden money managers, this is a book that will change the way you think about mutual funds. ... Read more