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Publisher's Summary

The best-selling author of Pioneering Portfolio Management, the definitive template for institutional fund management, returns with an audiobook 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.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2005 David F. Swensen (P)2019 Echo Point Books & Media, LLC

What listeners say about Unconventional Success: A Fundamental Approach to Personal Investment

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The antidote to how people steal your money.

This book will save you a fortune. Pair it with a passive all seasons portfolio and you are good to go.

1 person found this helpful

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Insomnia?? Not anymore!

While the information is good, the reader of this audible book will put you to sleep. Definitely need a basic investment understanding before reading this book. It is for the advanced investor or money manager.

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  • Marius
  • 12-03-21

Going in circles 14h without much content

i love finance, and i believe this book could have been 2-3h at best. conclusion buy SP500 vanguard and avoid all kind of management by hedge funds. Better read about the same topic ENOUGH by John C Bogle ( inventor of Vanguard) easier to digest / follow , better narration, more captivating . wasted 14h no gold found

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  • Amazon Customer
  • 09-30-19

great book, really dense

good book and narrated well, but it's really dense, will need to re listen to it.