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Description
Unconventional Success: A Fundamental Approach to Personal InvestmentThe 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. In 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 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. In 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. Even 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. In short: Nearly insurmountable hurdles confront ordinary investors. Swensen'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. Bottom line? Unconventional Success provides the guidance and financial know-how for improving the personal investor's financial future.Binding Type: Hardcover
Publisher: Free Press
Published: 08/09/2005
ISBN: 9780743228381
Pages: 403
Weight: 1.35lbs
Size: 9.56h x 6.36w x 1.36d
Review Citations: Ingram Advance 08/01/2005 pg. 27
Booklist 08/01/2005 pg. 1976
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★★★★★ 5
Good buy
Size: 46, Color: 01khaki
Good fit. Looks well built held up in the washer and dryer and still comfortable.
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Reviewed in the United States on May 15, 2026
★★★★★ 5
Great purchase!
Size: 40, Color: 01white Camo
I bought these shorts as consideration for team uniform and they exceeded my expectations! Great quality, nice style, comfortable and not too heavy. Material is cotton and the fit is perfect. Got a little bit bigger because I wanted it to be a more relaxed fit but I’d say these shorts are true to size.
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Reviewed in the United States on October 7, 2023
★★★★★ 4
fit fine
Size: 42, Color: 01black Camo
tbh, they are a little bigger then I expected. seems like a lot of people claimed they fit small, so I ordered a size up and they are a little more loose then I’d normally want. the material is slightly different, maybe a bit more stiff, but still pretty comfortable for the price. I’d order them again.
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Reviewed in the United States on June 22, 2022
★★★★★ 5
Fit well, look good
Size: 34, Color: 01black
bought 4 pair in different colors. They look great and fit well and have some room with the elastic waist. Very, very satisfied. Will buy more next summer for sure.
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Reviewed in the United States on January 12, 2026
★★★★★ 5
Good quality
Size: 46, Color: 01khaki Camo
These pants are good quality with a plenty of pockets. Size is accurate. Would recommend.
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Reviewed in the United States on March 2, 2026