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Product Description
Review
"David Swensen is one of today's best endowment managers, if not the best. "Unconventional Success" is a perfect summary of what is wrong with a very important industry. This book should lead the reader to better investment decisions."
-- Michael F. Price, Managing Partner, MFP Investors
Inside This Book
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First Sentence
John Maynard Keynes wrote, "Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally." Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
John Maynard Keynes wrote, "Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally." Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
17 of 17 people found the following review helpful
Format:Hardcover
Swensen is undeniably a realist and a cynic at the same time. I read this book as part of my MBA program and found his perspective very interesting and insightful. I now have a much better understanding of the overall investment business and why there are so many hand tailored suits on Wall Street. By reading this book, you will be able to choose your investment vehicles with both eyes open.
The only negative is he could have made his message easier to understand without forcing the use of every word in the English dictionary.
The only negative is he could have made his message easier to understand without forcing the use of every word in the English dictionary.
7 of 7 people found the following review helpful
Format:Hardcover
As the title suggests, this book is an academic thesis on the failure of mutual funds. It is not a guide to personal investment for the amateur. It is written in a style of english I last saw twenty five years ago at university and is not an easy read. My final criticism relates to me being a UK Investor. Much of the criticism relates to the taxation status of mutual funds in the US which does not apply in the UK. Also charges are dealt with differently in the UK so this aspect is largely irrelevant as well. Having said all that he makes a good case for sticking to index funds and rebalancing, which is common sense good advice for the amateur.
4 of 4 people found the following review helpful
Format:Hardcover
Although for many investors, the stock market is the only game in town, author David F. Swensen, the experienced manager of Yale University's endowment, suggests investing in logical low-cost, fair, nonprofit index funds that track the market closely. He advocates building a carefully balanced portfolio, and strongly recommends regular rebalancing. He comes to these conclusions based on his rigorous analysis of the returns achieved by a host of other investment media, especially mutual funds. In fact, he builds his investment guidebook around a scathing scolding of the mutual-fund industry, even though mutual funds also have strong supporters. getAbstract believes Swensen's counsel will be useful for individual investors who face a bewildering array of choices. In fact, if you had a rich uncle on Wall Street to advise you, he would probably echo much of Swensen's logical advice.
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Most Recent Customer Reviews
Awfully written and Undigestible
This book may contain fantastic investment advice - but you'll have to have the stomach and perseverance to get through the author's awful, arcane, out of date and seemingly... Read more
Published 1 month ago by Digger90
A damning critique of the financial services industry
This book is really two books in one. It offers strong advice on personal investing, and it is a damning critique of the financial services industry. Read more
Published 2 months ago by N. Weeds
For Asset Allocation Geeks
David Swenson is the Chief Investing Officer of the high-flying Yale Endowment; this is his book for personal investors (Pioneering Portfolio Management is aimed at institutional... Read more
Published 15 months ago by P Newall
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