In his 14 years as Yale\'s chief Investment officer, Swensen has revolutionized management of the university\'s Investment portfolio.
This new edition provides fund managers and students of the market an up-to-date guide for actively managed Investment portfolios..
The original Pioneering Portfolio Management outlined a commonsense template for structuring a well-diversified equity-oriented portfolio.
Expertise, fortitude, and the long view produce positive results where gimmicks and trend following do not.
Trust is more important than flash-in-the-pan success.
Conventional investing too often leads to buying high and selling low.
Swensen offers clear and incisive advice, especially when describing a counterintuitive path.
Swensen employs an array of vivid real-world examples, many drawn from his own formidable experience, to address critical concepts such as handling risk, selecting advisors, and weathering market pitfalls.
He provides lucid and penetrating insight into the world of Institutional funds management, illuminating topics ranging from asset-allocation structures to active fund management.
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.
What may have seemed like one among many success stories in the era before the Internet bubble burst emerges now as a completely unprecedented Institutional Investment achievement.
Year after year, Yale\'s Portfolio has trumped the marketplace by a wide margin, and, with over $20 billion added to the endowment under his twenty-three-year tenure, Swensen has contributed more to Yale\'s finances than anyone ever has to any university in the country.
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.
Swensen.
An indispensable roadmap for creating a successful Investment program from Yale\'s chief Investment officer, David F.
Line drawings throughout.
He now articulates his strategies and philosophy into this road map for creating a successful Investment program.
In his 14 years as Yale\'s chief Investment officer, Swensen has revolutionized management of the university\'s Investment portfolio
