"Markets left investors almost no place to hide last year, with nearly every asset class heading south. Money manager Mebane Faber of Cambria Investment Management outperformed by a mile, however.... Faber is co-author of the The Ivy Portfolio, which details his approach. Following the investment tenets of the Harvard and Yale endowments (which until last year both had sterling performance) but without using their riskier alternative assets, he demonstrates how to outperform with lower volatility." (Barron's, April 27, 2009)
"Does The Ivy Portfolio deserve a spot on Dad's bookshelf? With its graphics, tables and step-by-step guidance, the book is often more straightforward than a college financial aid form." (Wall Street Journal, June 16, 2009)
"We all know that the most impressive investment returns are from endowment funds and in particular, Yale and Harvard. Faber and Richardson take us inside these two funds and show us how to replicate that model for our portfolios. The Ivy Portfolio is an easy-to-read and -understand book that will make the process of asset allocation and investment easier for readers. And in light of the recent market turmoil, its lessons are even more important."
—John Mauldin, author of the bestselling Bull's Eye Investing and the weekly newsletter Thoughts from the Frontline
"Meb Faber makes a most compelling case for quantitative active asset allocation. Investors of all levels of sophistication will benefit handsomely from the insights and analyses presented in The Ivy Portfolio."
—Rob Arnott, Chairman, and Jason Hsu, Chief Investment Officer, Research Affiliates; coauthors of The Fundamental Index: A Better Way to Invest
Despite the general success of the top endowments, 2008 proved difficult for many buy-and-hold investors as well as the endowments. Many asset classes finished the year with declines of 30% or more.
The Ivy Portfolio shows how individual investors can mimic the stellar long-term investment track records of these top endowments while avoiding bear markets like 2008.
The Ivy Portfolio begins by examining the theory, process, and discipline behind the success of the Yale University and Harvard University endowments. It demystifies the techniques that the ivory-tower academic practitioners use to manage their portfolios and shows step by step how an individual investor can hope to duplicate their returns using an innovative ETF-based investment strategy.
The Ivy Portfolio then demonstrates a simple tactical asset approach to dampen the impact of bear markets on long-term investment results. The model would have protected an investor from the carnage of 2008, all while eliminating the uncertainty and emotions of investing.
The Ivy Portfolio also showcases a method to piggyback the stock-picking abilities of top hedge funds, allowing investors to achieve greater success by following the valuation insights of the smart money.
The Ivy Portfolio will show investors exactly how all this can be accomplished—and allow them to achieve an unparalleled level of investment success in the process.
The strategy is extensively back-tested and all the data analysis/comparisons are presented clearly with charts and tables.
The Ivey Portfolio examines the strategy of major endowments like Yale and Harvard and shows how an individual can approximate their investment structure.
The book is very well written, easy and enjoyable to read, and provides a number of excellent and timely investment strategies.
If your looking for a way to devise a low stress market beating portfolio with low drawdowns (losses) and little volatility this is your book. Read morePublished 13 days ago by Byron Kay
Wish I read this book 20 years ago. I would have managed all my IRAs as outlined in the book. Great research, Meb. Read morePublished 14 days ago by Don Brokop
This small book contains comprehensive and essential information, on just how highly successful fund managers structure their diversified portfolios with various asset classes and... Read morePublished 1 month ago by Bill G.
Nice book that gives sound financial advise from different perspectives. Also helpful in offering strategies for an individual retirement account.Published 1 month ago by gustave koehn