{"product_id":"unconventional-success-a-fundamental-approach-to-personal-investment","title":"Unconventional Success: A Fundamental Approach to Personal Investment","description":"The bestselling author of Pioneering Portfolio Management, the definitive template for institutional fund management, returns with a book that shows individual investors how to manage their financial assets.\n\nIn 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.\n\nEven 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.\n\nIn short: Nearly insurmountable hurdles confront ordinary investors.\n\nSwensen'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.\n\nBottom line? Unconventional Success provides the guidance and financial know-how for improving the personal investor's financial future.\u003cbr\u003eASIN: 0743228383\u003cbr\u003eVSKU: RDV.0743228383.VG\u003cbr\u003eCondition: Very Good\u003cbr\u003eAuthor\/Artist:Swensen, David F.\u003cbr\u003eBinding: Hardcover\u003cbr\u003e\u003cb\u003eNote:\u003c\/b\u003e Any images shown are stock photographs and product may differ from what is shown.  \u003cbr\u003e\u003cb\u003eCondition Notes\u003c\/b\u003e: This book is in excellent condition. There may be minimal writing on the inside cover or cover page. Cover image on the book may vary from photo. Ships out quickly in a secure plastic mailer.  \u003cbr\u003e","brand":"Reliant Bookstore","offers":[{"title":"Default Title","offer_id":47370129899697,"sku":"RDV.0743228383.VG","price":6.98,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0544\/8872\/7729\/files\/0743228383-0.jpg?v=1780857072","url":"https:\/\/www.reliantbookstore.com\/products\/unconventional-success-a-fundamental-approach-to-personal-investment","provider":"Reliant Bookstore","version":"1.0","type":"link"}