Unconventional Success

A Fundamental Approach to Personal Investment

Business & Finance, Personal Finance, Investing, Finance & Investing
Cover of the book Unconventional Success by David F. Swensen, Free Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: David F. Swensen ISBN: 9780743274616
Publisher: Free Press Publication: August 9, 2005
Imprint: Free Press Language: English
Author: David F. Swensen
ISBN: 9780743274616
Publisher: Free Press
Publication: August 9, 2005
Imprint: Free Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Free Press

Cover of the book Learning From Strangers by David F. Swensen
Cover of the book From Hardtack to Homefries by David F. Swensen
Cover of the book Sea Wolf of the Confederacy by David F. Swensen
Cover of the book St Petersburg by David F. Swensen
Cover of the book Marmee & Louisa by David F. Swensen
Cover of the book The Smart Parent's Guide by David F. Swensen
Cover of the book No Ordinary Matter by David F. Swensen
Cover of the book The Geography of Thought by David F. Swensen
Cover of the book Last Dance in Havana by David F. Swensen
Cover of the book Tear Down This Myth by David F. Swensen
Cover of the book The Emerging Markets Century by David F. Swensen
Cover of the book Upton All Night (The Complete Series) by David F. Swensen
Cover of the book Child and Adolescent Treatment for Social Work Pra by David F. Swensen
Cover of the book World Wide Mind by David F. Swensen
Cover of the book Armed With Cameras by David F. Swensen
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy