{"product_id":"book-k3po","title":"Unconventional Success","description":"\u003cp\u003eThe best-selling author of \u003ci\u003ePioneering Portfolio Management\u003c\/i\u003e, the definitive template for institutional fund management, returns with an audiobook that shows individual investors how to manage their financial assets.\u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eUnconventional Success\u003c\/i\u003e, 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.\u003c\/p\u003e\u003cp\u003eEven 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.\u003c\/p\u003e\u003cp\u003eIn short: Nearly insurmountable hurdles confront ordinary investors.\u003c\/p\u003e\u003cp\u003eSwensen'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.\u003c\/p\u003e\u003cp\u003eBottom line? \u003ci\u003eUnconventional Success\u003c\/i\u003e provides the guidance and financial know-how for improving the personal investor's financial future.\u003c\/p\u003e\u003cp\u003e©2005 David F. Swensen. Produced and published by Echo Point Books \u0026amp; Media, an independent bookseller in Brattleboro, Vermont.\u003c\/p\u003e","brand":"Dreamscape","offers":[{"title":"Audiobook","offer_id":49397588590896,"sku":"BDk3po","price":24.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0879\/2784\/9264\/files\/670775-k3po-Square.jpg?v=1735478533","url":"https:\/\/downpour.com\/products\/book-k3po","provider":"Downpour","version":"1.0","type":"link"}