Will Put Financial Planners & Advisers Out of Business; Very Difficult Read

Ugh - Another great investor tells us we can't do what he did | Unconventional Success: A Fundamental Approach to Personal Investment | David F. Swensen

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	• Unconventional Success: A Fundamental Approach to Personal Investment David F. Swensen Free Press, 2005 - 403 pages average customer review:based on 89 reviews view larger image
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highly recommended

Clear View

Very well written. Clarifies the numerous costs, including the hidden costs, of investing. Brings into focus the not-so-obvious, or generally ignored, economics of investing via an intermediary. Very appropriate for all investors.

Will Put Financial Planners & Advisers Out of Business; Very Difficult Read

This book is a very difficult read. Simple concepts written in abstruse sentences that make you wonder what were the editors at Simon & Schuster doing?

The ideas in this book make sense and Dr. Swensen's stellar performance managing Yale endowment lends a lot of credibility to this book. His principles are asset allocation, periodic rebalancing of portfolio, investing in index funds of non-profit companies like Vangaurd & TIA-CREF, and paying attention to tax consequences. What I would have liked to see is the data showing performance over time of the portfolio constructed based on his advice.

After "A Random Walk Down Wall Street" by Burton Malkiel, this is probably the next book to introduce a new paradigm to an individual investor. Vangaurd could not have asked for a better advertisement! I just wish that he produces an abridged audio version in simple, easy to understand sentences so that he can reach a wider audience and make a real impact because Dr. Swensen conveyed the concepts very lucidly in his interview on NPR. But for the difficult language, this book deserves 5 stars.

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Ugh - Another great investor tells us we can't do what he did

There is a ton of good info in the book but little in the way of specific actionable advice...You will find buried references to certain managers and funds but you will work to find it. More depressing is the revelation that you (as the individual investor) must settle for average and not even try to duplicate the author's own success. Sorry, just stick to average, that's the best you can do (unless you get lucky and find a really good fund manager).

reviews: 1, 2, 3, 4, 5, 6, page 7, 8, 9, 10, 11, 12, 13, 14, 15, 16

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