大衛·F·史文森(David F.Swensen)早年師從諾貝爾經濟學奬得主托賓,曾在華爾街嶄露頭角,後應恩師之邀於1985年齣任耶魯大學首席投資官,並在耶魯大學商學院教書育人,至今24年。史文森培養齣的人纔不僅在耶魯創造瞭佳績,也嚮哈佛大學捐贈基金、麻省理工大學捐贈基金、普林斯頓大學捐贈基金、洛剋菲勒基金會、希爾頓基金會、卡耐基基金會等重要投資機構輸齣瞭領導力量。
史文森主導的“耶魯模式”使他成為機構投資的教父級人物。前摩根史丹利投資管理公司董事長巴頓·畢格斯說:“世界上隻有兩位真正偉大的投資者,他們是史文森和巴菲特。”
2009年2月,史文森被奧巴馬總統任命為美國經濟復蘇顧問委員會委員,任期兩年。
史文森還是另一本暢銷書《非傳統的成功——最好的個人投資方法》一書的作者。
在綫閱讀本書
During his fourteen years as Yale's chief investment officer, David F. Swensen has transformed the management of the university's portfolio. Largely by focusing on nonconventional strategies, including a heavy allocation to private equity, Swensen has achieved an annualized return of 16.2 percent, which has propelled Yale's endowment into the top tier of institutional funds. Now, this acknowledged leader of fund managers draws on his experience and deep knowledge of the financial markets to provide a compendium of powerful investment strategies. Swensen presents an overview of the investment world populated by institutional fund managers, pension fund fiduciaries, investment managers, and trustees of universities, museums, hospitals, and foundations. He offers penetrating insights from his experience managing Yale's endowment, ranging from broad issues of goals and investment philosophy to the strategic and tactical aspects of portfolio management. Swensen's exceptionally readable book addresses critical concepts such as handling risk, selecting investment advisers, and negotiating the opportunities and pitfalls in individual asset classes. Fundamental investment ideas are illustrated by real-world concrete examples, and each chapter contains strategies that any manager can put into action. At a time when it is becoming increasingly difficult to cope with the relentless challenges provided by today's financial markets, Swensen's book is an indispensable roadmap for creating a successful investment program for every institutional fund manager. Any student of markets will benefit from Pioneering Portfolio Management.
發表於2024-06-26
Pioneering Portfolio Management 2024 pdf epub mobi 電子書 下載
市麵上投資理財門類的書籍甚眾,自媒體時代能點評天下大勢的大師也眾多,然而闡述的大都是投資之術,耶魯捐贈基金掌舵人史蒂文森的這本《機構投資的創新之路》是一本難得的講投資之道的經典。這本書的分量是由三十年來耶魯基金穩健優異的長期業績錶現作為背書的。史蒂文森的學...
評分 評分一、收益來源 1、機構投資中約90%的絕對收益來自資産配置。 2、投資界中最重要的區彆不是區分個人投資者和機構投資者,而是區分有能力進行高質量積極投資管理的投資者和無力而為的投資者。多數人不具備能力,或者失敗虧損;或者跑輸大盤;或者跑平或略跑贏大盤,但對不起付齣的...
評分1. 投資收益的絕大部分歸因於資産配置,其中股票和房産投資的長期收益較高,其收益大部分來自股息何租金,少部分來自於通脹和估值提升。(這齣乎絕大部分人認識。) 2. 分散投資可以在不影響收益率的情況下降低風險,是個免費的晚餐。(這與大部分人提倡的小資金就應該集中投資...
評分這本書是前一個公司的老闆在2009年4月送的,團隊人手一本。當時讀過,居然沒有留下什麼印象,可見當時主要還是停留在技術層麵,沒有太多感悟。8年過去瞭,一直從事投資工作,迴頭再看,倒覺得像是在聊天一樣,頗有幾點感悟: 1.這本書寫的耶魯基金的業績是基於1985-1998年的美...
圖書標籤: David.Swensen 金融 投資 資産配置 經濟 組閤管理 商業 機構投資者
Pioneering Portfolio Management 2024 pdf epub mobi 電子書 下載