Wealth through Investing

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


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Peter L. Bernstein, President Peter L. Bernstein, Inc. This book will be a classic: it is essential reading for all investors, great and small. David Swensen is a leader and pioneer whose words reveal a rare combination of courage, integrity, and intelligence. No one can fail to find value here.

Jack R. Meyer, President and CEO,

Harvard Management Company, Inc.

A masterful work by the master himself. We at Harvard wish that David Swensen would find a new job.

Barton M. Biggs, Chairman,

Morgan Stanley Dean Witter Investment Management

David Swensen is one of the best and most original fiduciaries of modern times. His thinking has survived the battlefields and it has worked for big money.

Burton G. Malkiel, Chemical Bank

Chairman’s Professor of Economics, Princeton University

One of the world’s most successful institutional fund managers presents powerful insights to help us become better investors. A must-read for both institutional and serious individual investors.

Peter L. Bernstein, President

Peter L. Bernstein, Inc.

This book will be a classic: it is essential reading for all investors, great and small. David Swensen is a leader and pioneer whose words reveal a rare combination of courage, integrity, and intelligence. No one can fail to find value here.

Richard C. Levin

F.W. Beinecke Professor of Economics and President, Yale University

David Swensen’s creative and disciplined approach to investment has given Yale the resources it needs to augment its capacity for excellence in scholarship and teaching. Those who absorb the wisdom in this book will likewise strengthen the institutions they serve.

Jack R. Meyer, President and CEO, Harvard Management Company, Inc. A masterful work by the master himself. We at Harvard wish that David Swensen would find a new job.

Burton G. Malkiel, Chemical Bank Chairman’s Professor of Economics, Princeton University One of the world’s most successful institutional fund managers presents powerful insights to help us become better investors. A must-read for both institutional and serious individual investors.

Barton M. Biggs, Chairman, Morgan Stanley Dean Witter Investment Management David Swensen is one of the best and most original fiduciaries of modern times. His thinking has survived the battlefields and it has worked for big money.

Richard C. Levin F.W. Beinecke Professor of Economics and President, Yale University David Swensen’s creative and disciplined approach to investment has given Yale the resources it needs to augment its capacity for excellence in scholarship and teaching. Those who absorb the wisdom in this book will likewise strengthen the institutions they serve.



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