{"product_id":"the-ivy-portfolio-isbn-9781118008850","title":"The Ivy Portfolio","description":"\u003cb\u003eA do-it-yourself guide to investing like the renowned Harvard and Yale endowments.\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eThe Ivy Portfolio\u003c\/i\u003e shows step-by-step how to track and mimic the investment strategies of the highly successful Harvard and Yale endowments. Using the endowment Policy Portfolios as a guide, the authors illustrate how an investor can develop a strategic asset allocation using an ETF-based investment approach.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe Ivy Portfolio\u003c\/i\u003e also reveals a novel method for investors to reduce their risk through a tactical asset allocation strategy to protect them from bear markets. The book will also showcase a method to follow the smart money and piggyback the top hedge funds and their stock-picking abilities. With readable, straightforward advice, \u003ci\u003eThe Ivy Portfolio\u003c\/i\u003e will show investors exactly how this can be accomplished—and allow them to achieve an unparalleled level of investment success in the process.\u003c\/p\u003e \u003cp\u003eWith all of the uncertainty in the markets today, \u003ci\u003eThe Ivy Portfolio\u003c\/i\u003e helps the reader answer the most often asked question in investing today - \"What do I do\"?\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One: Constructing Your Ivy Portfolio 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Super Endowments 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEndowments Are Different 4\u003c\/p\u003e \u003cp\u003eSize Matters . . . 8\u003c\/p\u003e \u003cp\u003e. . . and So Does Performance 11\u003c\/p\u003e \u003cp\u003eActive Management over Passive 14\u003c\/p\u003e \u003cp\u003eSummary 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Yale Endowment 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory of the Endowment 18\u003c\/p\u003e \u003cp\u003eDavid Swensen’s Ascent 22\u003c\/p\u003e \u003cp\u003eOf Alphas and Betas 30\u003c\/p\u003e \u003cp\u003eOutlining the Yale Process 33\u003c\/p\u003e \u003cp\u003eDomestic Equity 34\u003c\/p\u003e \u003cp\u003eForeign Equity 35\u003c\/p\u003e \u003cp\u003eFixed-Income 37\u003c\/p\u003e \u003cp\u003eReal Assets 37\u003c\/p\u003e \u003cp\u003ePrivate Equity 38\u003c\/p\u003e \u003cp\u003eSummary 39\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Harvard Endowment 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory of the Endowment 42\u003c\/p\u003e \u003cp\u003eThe Owner’s Mentality 43\u003c\/p\u003e \u003cp\u003eHarvard’s Swensen 45\u003c\/p\u003e \u003cp\u003eMore Money, More Problems 48\u003c\/p\u003e \u003cp\u003eHow Harvard Does It 50\u003c\/p\u003e \u003cp\u003eSummary 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Building Your Own Ivy League Portfolio 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDo as I Do—Shadowing the Super Endowments 56\u003c\/p\u003e \u003cp\u003eRisk-Adjusted Returns 64\u003c\/p\u003e \u003cp\u003eDo as I Say 66\u003c\/p\u003e \u003cp\u003eInflation Is the Enemy 68\u003c\/p\u003e \u003cp\u003eCreating an All-Weather Policy Portfolio through Indexing 71\u003c\/p\u003e \u003cp\u003eImplementing Your Portfolio 74\u003c\/p\u003e \u003cp\u003eRebalancing Your Portfolio 77\u003c\/p\u003e \u003cp\u003eSummary 78\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two: Alternatives 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Private Equity 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Private Equity? 84\u003c\/p\u003e \u003cp\u003eHistorical Returns and Benchmarking 85\u003c\/p\u003e \u003cp\u003eHow to Invest in Publicly Listed Private Equity 91\u003c\/p\u003e \u003cp\u003eSummary 96\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Hedge Funds 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Brief Introduction to Hedge Funds 98\u003c\/p\u003e \u003cp\u003eFund of Funds 101\u003c\/p\u003e \u003cp\u003eOptions to Invest in Hedge Funds 113\u003c\/p\u003e \u003cp\u003eIndividual Hedge Funds 123\u003c\/p\u003e \u003cp\u003eFund of Funds 125\u003c\/p\u003e \u003cp\u003ePractical Considerations 131\u003c\/p\u003e \u003cp\u003eSummary 132\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three: Active Management 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Winning by Not Losing 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLosing Hurts 136\u003c\/p\u003e \u003cp\u003eThe Quantitative System 141\u003c\/p\u003e \u003cp\u003eOut-of-Sample Testing and Systematic Tactical Asset Allocation 151\u003c\/p\u003e \u003cp\u003eExtensions 158\u003c\/p\u003e \u003cp\u003eA Rotation System 159\u003c\/p\u003e \u003cp\u003ePractical Considerations and Taxes 160\u003c\/p\u003e \u003cp\u003eDiscipline 162\u003c\/p\u003e \u003cp\u003eThe Systems versus the Endowments 165\u003c\/p\u003e \u003cp\u003eWhy It Works 166\u003c\/p\u003e \u003cp\u003eSummary 169\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Following the Smart Money 171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to the 13F 172\u003c\/p\u003e \u003cp\u003eCombining the Top Fund Managers to Create Your Own Fund of Funds 182\u003c\/p\u003e \u003cp\u003eSummary 185\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Develop an Action Plan 187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImplementing Your Ivy Portfolio 188\u003c\/p\u003e \u003cp\u003ePortfolios Discussed in The Ivy Portfolio 191\u003c\/p\u003e \u003cp\u003eAppendix A: A Brief Review of Momentum and Trend Following 195\u003c\/p\u003e \u003cp\u003eAppendix B: Additional Charts 199\u003c\/p\u003e \u003cp\u003eAppendix C: Recommended Reading 207\u003c\/p\u003e \u003cp\u003eBibliography 211\u003c\/p\u003e \u003cp\u003eAbout the Authors 218\u003c\/p\u003e \u003cp\u003eIndex 219\u003c\/p\u003e  \u003cb\u003eMebane T. Faber\u003c\/b\u003e, CAIA, CMT, is the Portfolio Manager at Cambria Investment Management where he manages equity and global tactical asset allocation portfolios and the Cambria Global Tactical ETF (GTAA). He is a frequent speaker and writer on investment strategies and authors the World Beta blog.  \u003cp\u003e\u003cb\u003eEric W. Richardson\u003c\/b\u003e, JD, is the founder and CEO of Cambria Investment Management. He serves as the co-manager of the global tactical asset allocation portfolios and the Cambria Global Tactical ETF (GTAA).\u003c\/p\u003e  \"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. \u003ci\u003eThe Ivy Portfolio\u003c\/i\u003e 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.\"\u003cbr\u003e —\u003cb\u003eJohn Mauldin\u003c\/b\u003e, author of the bestselling \u003ci\u003eBull's Eye Investing\u003c\/i\u003e and the weekly newsletter \u003ci\u003eThoughts from the Frontline\u003c\/i\u003e  \u003cp\u003e\"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 \u003ci\u003eThe Ivy Portfolio\u003c\/i\u003e.\"\u003cbr\u003e —\u003cb\u003eRob Arnott\u003c\/b\u003e, Chairman, and Jason Hsu, Chief Investment Officer, Research Affiliates, LLC; coauthors of \u003ci\u003eThe Fundamental Index: A Better Way to Invest\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"Analysis of institutional holdings (13F analysis) is one of the most useful yet underused tools in an investor's research arsenal. Along with taking readers into the arcane world of endowment investing, \u003ci\u003eThe Ivy Portfolio\u003c\/i\u003e provides actionable advice on how to trade alongside the top investment professionals of our time.\"\u003cbr\u003e —\u003cb\u003eJustin Walters\u003c\/b\u003e, cofounder, Bespoke Investment Group LLC\u003c\/p\u003e \u003cp\u003e\u003cb\u003eA do-it-yourself guide to investing like the renowned Harvard and Yale endowments\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe Ivy Portfolio\u003c\/i\u003e shows step by step how to track and mimic the investment strategies of the highly successful Harvard and Yale endowments. Using the endowment Policy Portfolios as a guide, the authors illustrate how an investor can develop a strategic asset allocation using an ETF-based investment approach. With all of the uncertainty in the markets today, \u003ci\u003eThe Ivy Portfolio\u003c\/i\u003e helps the reader answer the most often asked question in investing today—\"What do I do?\"\u003c\/p\u003e \u003cp\u003e\"[Faber and Richardson] analyze how the endowments of Harvard and Yale posted such world-beating performance. Then they offer a simplified model that regular people can adopt.\"\u003cbr\u003e —\u003cb\u003eBloomberg Businessweek\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990270918885,"sku":"NP9781118008850","price":22.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118008850.jpg?v=1761787143","url":"https:\/\/k12savings.com\/es\/products\/the-ivy-portfolio-isbn-9781118008850","provider":"K12savings","version":"1.0","type":"link"}