“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
“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 Source: Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated
