Unconventional Success

In Unconventional Success, investment legend David F. Swensen offers incontrovertible evidence that the for-profit mutual fund industry consistently fails the average investor.

Unconventional Success

Unconventional Success

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:

Unconventional Success
Language: un
Pages: 416
Authors: David F. Swensen
Categories: Business & Economics
Type: BOOK - Published: 2005-08-09 - Publisher: Simon and Schuster

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
Mylan 50 Years of Unconventional Success
Language: en
Pages:
Authors: David F. Swensen
Categories: Business & Economics
Type: BOOK - Published: - Publisher: UPNE

Books about Mylan 50 Years of Unconventional Success
Make Your Own Rules
Language: un
Pages: 224
Authors: Wayne Rogers, Josh Young
Categories: Business & Economics
Type: BOOK - Published: 2011-02-08 - Publisher: AMACOM

Wayne Rogers, star of the classic TV series M*A*S*H*, has had even more success as a businessman and entrepreneur than as an actor. Rather than accepting the stifling constrains of the corporate system, the iconoclastic star applied his own unique viewpoint to a wide range of businesses (a restaurant, a
The Tortoise Way
Language: un
Pages: 242
Authors: Christopher Haraway
Categories: Business & Economics
Type: BOOK - Published: 2020-05-06 - Publisher:

Tortoise power!
Mylan
Language: un
Pages: 148
Authors: John T. Seaman, John T. Landry
Categories: History
Type: BOOK - Published: 2012-04-10 - Publisher: UPNE

The story of Mylan, one of the world's leading generic and specialty pharmaceutical companies

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