Now, this unique and highly regarded masterpiece has been updated for the '90s. Investment Policy presents a fresh approach to professional investment management that involves active client participation. This consumer's guide to investment policy will enable clients to understand the basic nature of institutional investing, how to formulate specific policies to reach long-term investment goals and objectives, and how to manage their investment managers in order to achieve their real goals. While the theories have not changed, the second edition of Investment Policy includes a brand-new chapter that shows individual investors how they can really succeed with their own investing, new and updated charts and references, and a client's guide to institutional investing that shows how to formulate specific policies to reach long-term investment goals and objectives.