by David F. Swensen
In Unconventional Success, David Swensen provides a practical guide to personal investing, grounded in his experience as Yale University’s endowment manager.
Swensen critiques typical Wall Street practices and advocates a low-cost, diversified portfolio for individual investors.
He suggests a strategic allocation across asset classes, including U.S. stocks, international stocks, real estate, and bonds, focusing on minimizing fees and maximizing returns.
Swensen underscores the dangers of actively managed funds, high fees, and frequent trading, which can erode returns.
Instead, he emphasizes a passive approach, using index funds to achieve reliable growth over time.
His approach encourages investors to adopt a disciplined, long-term perspective, creating stability and resilience in portfolios, particularly in volatile markets. Unconventional Success is ideal for investors seeking a straightforward, effective approach to wealth building that minimizes risk.