List Price: $30.00Amazon.com's Price: $19.80 You Save: $10.20 (34%)Prices subject to change.
Availability: Usually ships in 24 hours
Binding: Hardcover
Dewey Decimal Number: 332.6327
EAN: 9780743228381
ISBN: 0743228383
Label: Free Press
Manufacturer: Free Press
Number Of Items: 1
Number Of Pages: 403
Publication Date: August 02, 2005
Publisher: Free Press
Sales Rank: 3042
Studio: Free Press
Accessories:
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Editorial Review:
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.
Customer Reviews
Average Rating: 
Rating:  - Success The Unconventional Way
David Swensen has done a magnificant service to the individual investor by writing this book. He explains all of the undisclosed charges that are hidden within actively ... Read More
Rating: - Conventional and yet unconventional
I really like this book. It lays out the argument for a diversified portfolio in a way that I have not seen in other similar books. He analyzes each asset class and explains ... Read More
Rating: - Incredible
This book outlines very fundamental concepts, and explains investment vehicles in detail, although it's not necessary to read all of it to 'get it'. Swensen's discussion of not ... Read More
Rating: - It Taught me the questions to ask
Let's face it, I'm a 30 something Stay At Home Mother with two kids, a husband, a mortgage and a dog.
I heard the book referenced on NPR and thought it would be a worthwhile ... Read More
Rating: - excellent for the intellectually-oriented investor
Swensen provides a excellent analysis of different asset classes and the roles they play (or fail to play) in diversifying portfolios. For example, he clarifies the different diversifying ... Read More
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Glider Garden Bench
List Price: $114.99Amazon.com's Price: $99.99 You Save: $15.00 (13%)Prices subject to change.
Availability: In stock soon. Order now to get in line. First come, first served.
Brand: Lifetime Products
Color: Almond
EAN: 0081483228716
Manufacturer: Lifetime Products Inc.
Model: 22871
Number Of Items: 1
Sales Rank: 624
Variation Description: Almond
Features:- Dimensions: 49 by 28 by 34 inches; weighs 63 pounds;
- Strong, durable 4-foot glider bench designed for high-impact outdoor use
- High-density polyethylene material won't crack, chip or peel; powder-coated steel frame for maximum weather resistance
- Contoured for a comfortable seat; ball bearings for a smooth, quiet glide
- Made in the USA; stain-resistant and easy-to-clean
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