false 17372 1 The bestselling author of <I>Pioneering Portfolio Management</I>, the definitive template for institutional fund management, returns with a book that shows individual investors how to manage their financial assets.<P>In <I>Unconventional Success</I>, 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.<P>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.<P>In short: Nearly insurmountable hurdles confront ordinary investors.<P>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. <P>Bottom line? <I>Unconventional Success</I> provides the guidance and financial know-how for improving the personal investor's financial future.<P> 18937 2 8 2005 Unconventional Success: A Fundamental Approach to Personal Investment total:61|5:11|4:23|3:21|2:6| 61 222 140 10 3 0 false false Mon Oct 01 00:00:00 -0700 2007 Tue Feb 03 17:57:58 -0800 2009 Tue Feb 03 17:57:58 -0800 2009 more...]]> 4 1 false false Tue Dec 09 00:00:00 -0800 2008 Thu Jun 05 09:11:36 -0700 2008 Thu Dec 11 11:22:59 -0800 2008 more...]]> 5 0 false false Tue Mar 24 15:46:45 -0700 2009 Tue Mar 24 15:49:32 -0700 2009 more...]]> 4 0 false false Thu Feb 08 00:00:00 -0800 2007 Mon Mar 24 14:20:45 -0700 2008 Mon Mar 24 14:24:40 -0700 2008 more...]]> 2 0 false false Sun Dec 28 13:32:11 -0800 2008 Thu Aug 14 15:17:07 -0700 2008 Sun Dec 28 13:32:11 -0800 2008 more...]]> 3 0 false false Wed Aug 01 00:00:00 -0700 2007 Fri Aug 31 13:00:44 -0700 2007 Fri Aug 31 13:03:42 -0700 2007 more...]]> 0 0 false false Sun Sep 28 10:12:30 -0700 2008 Sun Sep 28 10:14:19 -0700 2008 4 0 false false Thu May 01 00:00:00 -0700 2008 Fri May 30 18:14:45 -0700 2008 Fri May 30 18:18:13 -0700 2008 0 0 false false Fri Dec 22 08:54:56 -0800 2006 Fri Dec 22 08:55:44 -0800 2006 0 0 false false Sat Jan 12 12:39:12 -0800 2008 Sat Jan 12 12:39:12 -0800 2008 0 0 false false Sun Nov 08 12:44:30 -0800 2009 Sun Nov 08 12:44:30 -0800 2009 5 0 false false Mon Oct 05 10:45:58 -0700 2009 Mon Oct 05 10:45:58 -0700 2009 0 0 false false Thu Sep 24 17:10:54 -0700 2009 Thu Sep 24 17:10:54 -0700 2009 3 0 false false Sat Sep 12 10:20:22 -0700 2009 Sat Sep 12 10:20:22 -0700 2009 0 0 false false Thu Aug 27 23:29:34 -0700 2009 Thu Aug 27 23:29:34 -0700 2009 0 0 false false Thu Aug 13 13:11:51 -0700 2009 Thu Aug 13 13:11:51 -0700 2009 0 0 false false Sun Aug 09 09:33:05 -0700 2009 Sun Aug 09 09:33:05 -0700 2009 0 0 false false Sat Aug 08 18:59:56 -0700 2009 Sat Aug 08 18:59:56 -0700 2009 0 0 false false Thu Aug 06 21:34:08 -0700 2009 Thu Aug 06 21:34:08 -0700 2009 0 0 false false Thu Jul 09 10:03:26 -0700 2009 Thu Jul 09 10:03:26 -0700 2009 http://www.goodreads.com/book_link/follow/8?book_id=17372