Download Unconventional Success by David F. Swensen PDF

2005
Title Unconventional Success by David F. Swensen
Authors
Genres Finance Books Nonfiction Books Business Books
Publisher Free Press
ISBN 9780743228381
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 You May Like
All Eyes on Her
All Eyes on Her
L.E. Flynn

Perfect for fans of One of Us is Lying and We Were Liars, All Eyes on Her by L.E. Flynn is a gripping young adult thrill...

Starsight (Skyward #2)
Starsight (Skyward #2)
Brandon Sanderson

The #1 New York Times bestseller!From the #1 New York Times bestselling author of the Reckoners series, the Mistborn tri...

Joe's 30 Minute Meals : 100 Quick and Healthy Recipes
Joe's 30 Minute Meals : 100 Quick and Healthy Recipes
Joe Wicks

Joe Wicks, aka The Body Coach, presents this gorgeous book featuring more than 100 nutritious recipes that are perfect f...

Secret Seven: The Secret Seven : Book 1
Secret Seven: The Secret Seven : Book 1
Enid Blyton

Solve the mystery with the Secret Seven - everyone's favourite detective club! These timeless stories are perfect for yo...

Bring Your Baggage and Don't Pack Light
Bring Your Baggage and Don't Pack Light
Helen Ellis

The bestselling author of American Housewife and Southern Lady Code returns with a viciously funny, deeply felt collecti...

Eat a Peach
Eat a Peach
David Chang

NEW YORK TIMES BESTSELLER - From the chef behind Momofuku and star of Netflix's Ugly Delicious--an intimate account of t...

Shadow and Bone: Ruin and Rising : Book 3
Shadow and Bone: Ruin and Rising : Book 3
Leigh Bardugo

*The Grishaverse will be coming to Netflix soon with Shadow and Bone, an original series!* Enter the Grishaverse with bo...

Call Me by Your Name
Call Me by Your Name
André Aciman

During a restless summer on the Italian Riviera, a powerful romance blooms between seventeen-year-old Elio and his fathe...