A Fall Bonus: Quality Investment Reading
More often than not, when I go to the bookstore I leave disappointed. That is usually because I either see my own two books languishing on the bookshelves (or not, in which case I have to beg the bookstore to restock) or because everything is of the ilk, "How to make $1 million overnight in real estate" or "my daddy's neighbor's cousin is the millionaire next door."
Surprisingly, a number of good books have come out about investing in the past few weeks.
Here's what's out there worth reading:
Unconventional Success by David Swensen. If you don't know him, Swensen runs Yale's endowment and has returned 16% a year since he started with the university, beating all other college endowments, including runner-up Harvard. The difference between Swensen and Harvard's Jack Meyer is that Meyer (who is quitting to start a hedge fund) pulls down a $17 million yearly salary vs. Swensen's $1 million. All I can say is, he must love his job. ...
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