Winning the Loser's Game, Fifth Edition: Timeless Strategies for Successful Investing

by Ellis, Charles

• ISBN13: 9780071545495
• ISBN10: 0071545492
• Edition: 5th
• Format: Hardcover
• Copyright: 2009-10-02
• Publisher: McGraw-Hill

Summary

The Classic Guide to Winning on Wall StreetCompletely Updated and Expanded! "The best book about investing? The answer is simple:Winning the Loser's Game. Using compelling data and pithy stories, Charley Ellis has captured beautifully in this new and expanded edition of his classic work the most important lessons regarding investing. In today's unforgiving environment, it's a must-read!" F. William McNabb III, Chief Executive Officer and President, Vanguard"Charley Ellis has been one of the most influential investment writers for decades. This classic should be required reading for both individual and institutional investors." Burton Malkiel, author,A Random Walk Down Wall Street"No one understands what it takes to be a successful investor better than Charley Ellis and no one explains it more clearly or eloquently. This updated investment classic belongs on every investor's bookshelf." Consuelo Mack, Anchor and Managing Editor,Consuelo Mack WealthTrack"A must-reread classic, refreshed and updated with the latest 'lessons to be learned' from the 2008-2009 market events." Martin Leibowitz, Managing Director, Morgan Stanley Research"Winning the Loser's Gamehas long been required reading for professional investors. . . . This elegant volume explores approaches for individuals such asrelying on intellect rather than emotion, and building a personal portfolio by taking advantage of what other investors already know." Abby Joseph Cohen, Goldman Sachs & Co"This is less a book about competition than about sound money management. Sounder than Charley Ellis they do not come." Andrew Tobias, author,The Only Investment Guide You'll Ever NeedAbout the Book:Peter Drucker referred toWinning the Loser's Gameas "by far the best book on investment policy and management." Now, in it's fifth edition, the investing classic has been updated and improved.With refreshing candor, straight talk, andgood humor,Winning theLoser's Gamehelps individual investors succeedwith their investments and control theirfinancial futures. Ellis, dubbed"Wall Street's Wisest Man" byMoneymagazine,has been showing investors for threedecades how stock markets really work andwhat individuals can do to be sure they arelong-term winners.Applying wisdom gained from half a centuryof working with the leading investment managersand securities firms around the world,Ellis explains how to avoid common traps andget on the road to investment success.Winning the Loser's Gamehelps you set realisticobjectives and develop a sensible strategy.You will learn how to: Create an investment program based onthe realities of markets Use the "unfair" index fund to succeed,even in tumultuous markets Institute an annual review process to steeryour investments well into the future Maximize investing success through fivestages, from earning and saving throughinvesting, estate planning, and givingThe need for a trustworthy investing guidehas never been greater. Sixty million individualswith 401(k)s are now responsiblefor making important investment decisions.They know they're not experts but don't knowwhom to trust.Winning the Loser's Gameexplains why conventionalinvesting is a loser's game, and howyou can easily make it a winner's game!

Author Biography

Charles D. Ellis served 28 years as managing partner.for Greenwich Associates, a.strategy-consulting firm for professional.financial service companies..He has authored a dozen books,.written more than 200 investing.articles, and taught at Harvard.Business School and Yale School of.Management.

Table of Contents

1. The Loser's Game
2. Beating the Market
3. Mr. Market and Mr. Value
4. The Investor's Dream Team
5. Investor's Risk
6. Your Unfair Competitive Advantage
7. The Paradox
8. Time
9. Returns
10. Investment Risks
11. Building Portfolios
12. Why Policy Matters
13. The Winner's Game
14. Performance Measurement
15. Estimating the Market--Roughly
16. The Individual Investor
17. Selecting Mutual Funds
18. Thoughts for the Wealthy
19. Institutional Investing and You
20. Best Practice Investment Committees
21. Disaster
22. Planning Your Play
23. Now What?
24. Endgame
25. You Are Now Good to Go!
26. Parting Tips