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Hardcover
August 9th, 2005
$17.40 at Amazon

Kindle eBook
August 9th, 2005
Price available at Amazon

Hardcover
August 2nd, 2005
$17.42 at Amazon

Unconventional Success


A Fundamental Approach to Personal Investment


By David F. Swensen

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Unconventional Success: A Fundamental Approach to Personal Investment | Hardcover | 403 Pages, | ISBN: 9780743228381
Published August 9th, 2005 by Free Press
$30.00 | $17.40* at Amazon (* as of February 5th)
Unconventional Success: A Fundamental Approach to Personal Investment | Kindle eBook | 416 Pages, | ISBN: 9780743274616
Published August 9th, 2005 by Free Press
Visit Amazon to find the Kindle price
Unconventional Success: A Fundamental Approach to Personal Investment | Hardcover | 403 Pages,
Published August 2nd, 2005 by Free Press
$28.00 | $17.42* at Amazon (* as of February 7th)
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.

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Unconventional Success


A Fundamental Approach to Personal Investment


By David F. Swensen

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