Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated
| Author | : | |
| Rating | : | 4.48 (531 Votes) |
| Asin | : | 1416544690 |
| Format Type | : | paperback |
| Number of Pages | : | 432 Pages |
| Publish Date | : | 2017-02-01 |
| Language | : | English |
DESCRIPTION:
We at Harvard wish that David Swensen would find a new job.Burton G. Biggs, Chairman, Morgan Stanley Dean Witter Investment ManagementDavid Swensen is one of the best and most original fiduciaries of modern times. Peter L. Beinecke Professor of Economics and President, Yale UniversityDavid Swensen's creative and disciplined approach to investment has given Yale the resources it needs to augment its capacity for excellence in scholarship and teaching. No one can fail to find value here.Richard C. Biggs, Chairman, Morgan Stanley Dean Witter Investment Management David Swensen is one of the best and most original fiduciaries of modern times. Malkiel, Chemical BankChairman's Professor of Economics, Princeton UniversityOne of the world's most successful institutional fund managers presents powerful insights to help us become bette
"Essential reading from a true investing legend. No get-rich-quick schemes here -- just good sense, integrity, and discipline." according to Julie. A concise, straightforward summary of some of the most important investing ideas from a true legend of the field. A far cry from the dozens of get-rich-quick investing books that too often populate the shelves of bookstores, David Swensen's book instead provides the foundations and principles for how to approach institutional and individual investing for the long term. He's the real deal, and so is this book.. "Must read even for those not in endowment management" according to Kevin Kwok. Pioneering Portfolio theory is a must read. As other reviewers have said it's essential for any endowment manager. However, it's also a great read for those not interested in asset management. Besides being a fantastic overview of different asset classes and how to think about them, Swensen talks at length about alignment of incentives, how to balance the qualitative and quantitative, and how differing timeframes influence your decisions. All of which are . but please simply accept that this book is the overwhelming encyclopedia for those interested in providing great equity returns Wow! Wow! Wow!There are perhaps only two books that I have read twice. I am now reading Swenson twice - very slowly!! I can extoll the book's virtues from alpha to etc., but please simply accept that this book is the overwhelming encyclopedia for those interested in providing great equity returns for endowments and the like.
At Yale, where he produced an unparalleled two-decade investment record of 16.1 percent-per-annum returns, he teaches economics classes at Yale College and finance classes at Yale¹s School of Management. Swensen is the chief investment officer of Yale University and the bestselling author of Pioneering Portfolio Ma
In this fully revised and updated edition, Swensen, author of the bestselling personal finance guide Unconventional Success, describes the investment process that underpins Yale's endowment. An indispensable roadmap for creating a successful investment program from Yale’s chief investment officer, David F. He provides lucid and penetrating insight into the world of institutional funds management, illuminating topics ranging from asset-allocation structures to active fund management. Trust is more important than flash-in-the-pan success. Swensen.In the years since the now-classic Pioneering Portfolio Management was first published, the global investment landscape has changed dramatically -- but the results of David Swensen's investment strategy for the Yale University endowment have remained as impressive as ever. Year after year, Yale's portfolio has trumped the marketplace by a wide