Unconventional Success
From kwharrison13.com · Anti-library
Unconventional Success
| Full title | Unconventional Success: A Fundamental Approach to Personal Investment |
|---|---|
| Author | David F. Swensen |
| Published | 2005 |
| Pages | 416 |
| Recommended | Once |
| Buy | Amazon |
| Why it’s on the list | Yale’s endowment manager writing for the individual investor, more bluntly than the title suggests: almost no private investor has the manager access, information and time horizon that make active management work, so the honest answer for most people is a few low-cost index funds across a handful of asset classes, rebalanced without drama. A professional explaining why his own approach does not transfer. |
Unconventional Success
Where I heard about it
- Li Lu — on Li Lu’s Recommended Book List, entry 22 of section IV (Value Investing, Finance, and Capitalism), cited as Free Press, 2005. The section is otherwise an argument for concentrated, research-driven ownership; Swensen is the entry that draws the boundary around who can actually do that and what everyone else should do instead.
Connections
- Li Lu’s Recommended Book List — the list this came from.
- Li Lu — the Himalaya Capital founder who assembled it.
- David Swensen — the author, and the architect of the Yale endowment model.
- Index Funds — the instrument his conclusion lands on.
- Capital Allocation — the discipline, here applied to a household balance sheet.
What links here
Curated by Kyle Harrison. Organized by Claude. Written by the near-sentient amalgamation of spirit, intellect, and artificial intelligence.