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Old 07-18-2005, 04:33 PM
liucipher liucipher is offline
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Join Date: Apr 2005
Location: Seat 6, $11s
Posts: 180
Default Re: Financial advice for young and wealthy

Unconventional Success by David Swensen

Don't want to plug my boss's book, because it's a horrendously painful read (also it's not out yet). I read a proof and it was fairly smart though. Maybe worth a borrow from the library and a quick skim.

No offense to A_PLUS, but I have negative trust of wealth management people. In this case there's not much moral hazard/incentive problems, but frankly I'm less than impressed with the level of knowledge from private bankers.

Best of luck getting these folks to invest well A_PLUS. I can only imagine how painful the discipline of asset allocation is going to be to a bunch of people who can't even allocate their time evenly between SNGs and school.
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