Pioneering Portfolio Management by David F. Swensen
An Unconventional Approach to Institutional Investment, Fully Revised and Updated

No critic rating

Waiting for minimum critic reviews

See 1 Critic Review



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. 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. 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.

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. He provides lucid and penetrating insight into the world of institutional funds management, illuminating topics ranging from asset-allocation structures to active fund management. 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.

Swensen offers clear and incisive advice, especially when describing a counterintuitive path. Conventional investing too often leads to buying high and selling low. Trust is more important than flash-in-the-pan success. Expertise, fortitude, and the long view produce positive results where gimmicks and trend following do not.

The original Pioneering Portfolio Management outlined a commonsense template for structuring a well-diversified equity-oriented portfolio. This new edition provides fund managers and students of the market an up-to-date guide for actively managed investment portfolios.

About David F. Swensen

See more books from this Author
David F. Swensen is the chief investment officer of Yale University and the bestselling author of Pioneering Portfolio Management. He serves on the boards of TIAA, The Brookings Institution, Carnegie Institution, and Hopkins School. At Yale, where he produced an unparalleled two-decade investment record of 16.1 percent-per-annum returns, he teaches economics classes at Yale College and finance classes at Yale¹s School of Management. Mr. Swensen lives in New Haven, Connecticut.
Published January 6, 2009 by Free Press. 432 pages
Genres: Business & Economics, Education & Reference. Non-fiction

Unrated Critic Reviews for Pioneering Portfolio Management

The Finance Professional's Post

That caveat aside, however, his updated edition of Pioneering Portfolio Management provides a comprehensive view of Yale’s highly successful endowment fund, and is an essential tool for those seeking returns and diversification beyond traditional asset classes.

Aug 23 2010 | Read Full Review of Pioneering Portfolio Manageme...

Reader Rating for Pioneering Portfolio Management

An aggregated and normalized score based on 36 user ratings from iDreamBooks & iTunes

Rate this book!

Add Review