Unconventional Success
A Fundamental Approach to Personal Investment
Reprinted by permission of Free Press, a division of Simon & Schuster, Inc., N.Y.
ISBN: 9780743228381
Pages: 416
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Recommendation
Although for many investors, the stock market is the only game in town, author David F. Swensen, the experienced manager of Yale University’s endowment, suggests investing in logical low-cost, fair, nonprofit index funds that track the market closely. He advocates building a carefully balanced portfolio, and strongly recommends regular rebalancing. He comes to these conclusions based on his rigorous analysis of the returns achieved by a host of other investment media, especially mutual funds. In fact, he builds his investment guidebook around a scathing scolding of the mutual-fund industry, even though mutual funds also have strong supporters. getAbstract believes Swensen’s counsel will be useful for individual investors who face a bewildering array of choices. In fact, if you had a rich uncle on Wall Street to advise you, he would probably echo much of Swensen’s logical advice.
Take-Aways
About the Author
David F. Swensen is the chief investment officer for Yale University. He was an innovator of new high-tech investments on Wall Street for several years. He is the author of Pioneering Portfolio Management.
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