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.
"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
David F Swensen is Yale University's CIO and manages the university's USD7 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.
2 Marktplatz-Angebote für "Unconventional Success" ab EUR 14,90
