Quotessence
Home / Authors / David F. Swensen Books
David F. Swensen

David F. Swensen Books

Author

Related Quotes

“The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services.”

Has BeensStatesGovernmentNationsSimplePlansMembersBenefitsSolutionsStrategyInvestmentInvestingBillionsLocalsSavingCorporationsServantGiantsEmployeeRemarkableFundRetirementAssetsFederal GovernmentAdoptedSavingsPensionCornerstonesThriftPublic ServantsLocal GovernmentIndex FundsArmed ServicesGovernment EmployeesIndexingPension Plans
Author:David F. Swensen
Create image

“Millions of mutual-fund investors sleep well at night, serene in the belief that superior outcomes result from pooling funds with like-minded investors and engaging high-quality investment managers to provide professional insight. The conventional wisdom ends up hopelessly unwise, as evidence shows an overwhelming rate of failure by mutual funds to deliver on promises.”

WellsEndsShowsNightBeliefSleepResultsQualityMillionsPromiseEvidenceInvestmentRateInvestingInsightSuperiorsManagersOutcomesFundMutualOverwhelmingInvestorsConventionalEngagingSereneHigh QualityConventional WisdomUnwiseMutual FundSleep Well
Author:David F. Swensen
Create image

“Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.”

IndividualResponsibilityIndustryLowsOrganizationManagementInvestmentInvestingProfitDrivenEnormousManagersFundMutualInvestorsProvidingExploitationShockingSystematicFeesTollsColossalDisserviceMutual FundTurnoverIndex FundsFiduciaryInvestment Management
Author:David F. Swensen
Create image

“Active management strategies demand uninstitutional behavior from institutions, creating a paradox that few can unravel. Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios, which frequently appear downright imprudent in the eyes of conventional wisdom.”

ThinkingEyeAcceptanceDemandBehaviorCreatingIndependentManagementInstitutionsStrategyInvestmentInvestingActiveParadoxConventionalMaintainingProfilePortfoliosConventional WisdomUnconventionalIndependent ThinkingActive Management
Book:Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated
Create image

“My first encounter with yoga was in 1969 with my older brother Doug. I was thirteen years old, and he was eighteen. He'd learned about yoga in California on a surfing trip, and when he came back to Houston, Texas, he introduced me to this new stuff he'd learned. I'll always be grateful for that positive influence at an early age.”

YearsFirstsAgeStuffInfluenceBrotherYogaGratefulCaliforniaEncountersTexasBe GratefulSurfingEighteenThirteenHoustonOlder BrotherNew StuffPositive InfluenceThirteen Year Olds
Author:David F. Swensen
Create image

“Maybe the yogi is a parent who's a little more patient with their child, or a more compassionate coworker, or an understanding boss. Perhaps, they pick up a piece of trash that wasn't theirs, turn off a light when they're not in the room, or turn off the water while they brush their teeth, sensitive to the finite nature of our worldly resources. When we become mindful this way, there's a ripple effect. We inspire others to do the same.”

WayChildrenLittlesLightTurnsParentUnderstandingWaterRoomsPiecesEffectsInspirePicksResourcesPatientTeethSensitiveBossCompassionateBrushesWorldlyFiniteTrashRippleTurn OffInspire OthersYogiCoworkerRipple Effect
Author:David F. Swensen
Create image

“Jack Bogle's passionate cry of Enough! contains a thought-provoking litany of life lessons regarding our individual roles in commerce and society. Employing a seamless mix of personal anecdotes, hard evidence and all-too-often-underrated subjective admonitions, Bogle challenges each of us to aspire to become better members of our families, our professions and our communities. Rarely do so few pages provoke so much thought. Read this book.”

BookHardEnoughIndividualCommunityChallengesRolesCryLessonsMembersPagesEvidencePassionateProfessionOur FamilyThought ProvokingLife LessonCommerceProvokingAspireSubjectiveOur CommunityAnecdotesUnderratedEmployingSeamlessAdmonition
Author:David F. Swensen
Create image