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David Swensen, investment manager of the Yale University Endowment Fund, has addressed how investors should set up and manage their. David Swensen’s portfolio (from Unconventional Success). DavidSwensen. “ Individual investors should take control of their financial destinies. Bogleheads – How many folks have read the book Unconventional Success? If you did, what are your thoughts? Is the book still relevant since it.

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Unconventional Success provides the guidance and nuconventional know-how for improving the personal investor’s financial future. While personal investment is not my favorite subject in the world, David Swensen makes it accessible even to people who didn’t study economics at an Ivy league. Feb 06, Shiv rated it it was ok Shelves: The book was written poorly.

The first chapter is great investment reading and I highly recommend it.

Unconventional Success is a perfect summary of what is wrong with a very important industry. Sep 26, Rtwfroody rated it liked it. 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.

KISS Retirement Portfolio: David Swensen’s ‘Unconventional Success’

This book is extremely useful and has the potential to become an all-time-classic. This is one reason it is important to look at how portfolios have performed in Bear markets. I will not deviate from [Swensen’s allocation] unless it is shown ucnonventional deficient.

The asymmetry between sophisticated institutional providers of investment management services and unsophisticated individual consumers results in a monumental transfer of wealth from individual to institution.


David Swensen’s portfolio (from Unconventional Success) |

Clear outline of the motivations for changing how you invest for your future! That really helps clarify some AA issues.

Using an equity orientation and the rule of diversification — that no asset class should comprise more than 30 percent swenzen the portfolio — Swensen suggests a generic portfolio including 30 percent domestic equity, 15 percent foreign developed equity, 5 percent emerging market equity, 20 percent real estate, and 15 percent each of U. Portfolio construction and rebalancing is also addressed, along with an analysis of why other asset classes corporate bonds, hedge funds, etc are not acceptable in an average investors portfolio.

Jul 17, Casey rated it liked it. Apr 28, Jason Dang rated it liked it. The tables unconvehtional show returns for the Swensen portfolios, using Unconventiional investor shares for the asset class selections.

As I read, the market started to react erratic and I, along with everyone else, saw investments drop like lead sinkers. Please comment; I value your input. When confused, go back and build your foundation firstly and then come back for the book. Lazy Portfolios in Swensen doesn’t touch on these crucial questions.

Add to Cart Add to Cart. Keep in mind that past performance does not forecast future performance. Jun 11, Chris Leuchtenburg rated it it was amazing Shelves: First, he points out that most employees now have defined contribution rather than defined benefit plans, and that this means that their retirement is less well managed and gets worse returns.

The book was written in We had two versions of the portfolio one using short-term treasures one using long-treasuries, in this comparison I used the portfolio with the long-term treasuries. He hits on all of the relevant themes for individual investors: He has mostly favorable things to say about Vanguard Funds it’s non-profit and a Longleaf Partners, a small fund that’s mostly closed to new investors. 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.


A Fundamental Approach to Personal Investment. Preview — Unconventional Success by David F.

The other thing I found interesting is that Swensen leaves mutual funds succss a value tilt out of his core asset classes, but he never discusses why or even mentions value funds.

Aug 28, Benjamin rated it really liked it. Let’s then look at the contrary, or a smaller fund size. A contrarian investment alternative that promotes well-diversified, equity-oriented, sjccess portfolios that reward investors who exhibit the courage to stay the course. Note that returns for portfolios holding admiral shares would produce a return enhancement of approximately 0.

No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. The author is not receiving compensation for it other than from Seeking Alpha. Such a strategy has enabled Yale to comfortably out perform the market in the long run, while avoiding the extreme highs and lows. I really like the idea of this portfolio in its simplest form:


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