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0743228383

Unconventional Success: A Fundamental Approach to Personal Investment

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Product 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.

Product Specifications

Author
David F. Swensen
Binding
Hardcover
Brand
Free Press
EAN
9780743228381
EANList
  • 9780743228381 8601419642564 0884630879386
Edition
1
Feature
Free Press
IsAdultProduct
0
ISBN
0743228383
ItemDimensions
  • 925
  • 612
  • 100
  • 130
Label
Free Press
Languages
  • English, Published English, Original Language English, Unknown
Manufacturer
Free Press
MPN
illustrations
NumberOfItems
1
NumberOfPages
403
PackageDimensions
  • 140
  • 930
  • 110
  • 650
PackageQuantity
1
PartNumber
illustrations
ProductGroup
Book
ProductTypeName
ABIS_BOOK
PublicationDate
2005-08-09
Publisher
Free Press
ReleaseDate
2005-08-09
Studio
Free Press
Title
Unconventional Success: A Fundamental Approach to Personal Investment
UPC
884630879386
UPCList
  • 884630879386
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US
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