
„The most useful recent book could be The Ivy Portfolio: How toInvest Like the Top Endowments and Avoid Bear Markets, by moneymanagers Mebane Faber and Eric Richardson, who work at CambriaInvestment Management. They analyze how the endowments of Harvardand Yale posted such world-beating performance. Then they offer asimplified model that regular people can adopt.“(BusinessWeek, April 9, 2009)
„Markets left investors almost no place to hide last year, withnearly every asset class heading south. Money manager Mebane Faberof 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 theHarvard and Yale endowments (which until last year both hadsterling performance) but without using their riskier alternativeassets, he demonstrates how to outperform with lower volatility.“(Barron's, April 27, 2009)
"Does The Ivy Portfolio deserve a spot on Dad'sbookshelf? With its graphics, tables and step-by-step guidance, thebook is often more straightforward than a college financial aidform.„ (Wall Street Journal, June 16, 2009)
“We all know that the most impressive investment returns arefrom endowment funds and in particular, Yale and Harvard. Faber andRichardson take us inside these two funds and show us how toreplicate that model for our portfolios. The Ivy Portfolio is aneasy-to-read and -understand book that will make the process ofasset allocation and investment easier for readers. And in light ofthe recent market turmoil, its lessons are even moreimportant."
--John Mauldin, author of the bestselling Bull's EyeInvesting and the weekly newsletter Thoughts from theFrontline
„Meb Faber makes a most compelling case for quantitative activeasset allocation. Investors of all levels of sophistication willbenefit handsomely from the insights and analyses presented in TheIvy Portfolio.“
--Rob Arnott, Chairman, and Jason Hsu, Chief InvestmentOfficer, Research Affiliates; coauthors of The FundamentalIndex: A Better Way to Invest
The Ivy Portfolio
How to Invest Like the Top Endowments and Avoid Bear Markets
von Mebane T. Faber und Eric W. RichardsonThe Ivy Portfolio shows step-by-step how to track andmimic the investment strategies of the highly successful Harvardand Yale endowments. Using the endowment Policy Portfolios as aguide, the authors illustrate how an investor can develop astrategic asset allocation using an ETF-based investmentapproach.
The Ivy Portfolio also reveals a novel method forinvestors to reduce their risk through a tactical asset allocationstrategy to protect them from bear markets. The book will alsoshowcase a method to follow the smart money and piggyback the tophedge funds and their stock-picking abilities. With readable, straightforward advice, The Ivy Portfolio will showinvestors exactly how this can be accomplished--and allow themto achieve an unparalleled level of investment success in theprocess.
With all of the uncertainty in the markets today, The IvyPortfolio helps the reader answer the most often asked questionin investing today - „What do I do“?