The go-to guide for serious investors seeking long-term success, Winning the Loser's Game explains clearly the all-important lessons learned over half a century working with the world's leading investment experts.
Called "Wall Street's wisest man? by Money magazine, Charles Ellis converts the expertise he has developed as a consultant to the world's largest pension, endowment and sovereign wealth funds and as a teacher at Harvard, Yale and Princeton into candid, pithy, easy to use chapters on how to succeed as an investor.
This final edition of this popular book?it has already sold over 500,000 copies?is packed with important up to the minute facts and insights into?
? Why indexing continues to out-perform "active? indexing.
? Why fees are much higher than most of us realize.
? How 401(k) plans can and should be modernized.
? Why understanding behavioral economics is so important for all investors.
With Winning the Loser's Game, you have anything you need to identify your unique investment objectives, develop a realistic and powerful investment program, and enjoy superior results.
In 2 " 3 hours of easy reading, you can have the same informed and candid advice that his clients gladly pay big fees to get from Charles Ellis. You?ll also have fun.
Chapter 1: The Loser's Game
Chapter 2: The Winner's Game
Chapter 3: Beating the Market
Chapter 4: Mr. Market and Mr. Value
Chapter 5: The Investor's Dream Team
Chapter 6: Investor Risk and Behavioral Economics
Chapter 7: Your "Unfair? Competitive Advantage Indexing
Chapter 8: The Paradox
Chapter 9: Time
Chapter 10: Returns
Chapter 11: Investment Risks
Chapter 12: Building Portfolios
Chapter 13: Whole-Picture Finance
Chapter 14: Why Policy Matters
Chapter 15: Playing to Win
Chapter 16: Challenges with Performance Measurement
Chapter 17: The Dark Matter of Investing
Chapter 18: Predicting the Market?Roughly
Chapter 19: Individual Investors
Chapter 20: Selecting Mutual Funds
Chapter 21: Phooey On Phees
Chapter 22: Planning Your Play
Chapter 23: Disaster Again & Again
Chapter 24: Getting Right on 401(K) Plans
Chapter 25 Endgame
Chapter 26: Thoughts for the Wealthy
Chapter 27: You Are Now Good to Go!
Chapter 28: Parting Thoughts
Appendix A: Serving on Investment Committees
Appendix B: Murder on the Orient Express
Appendix C: Recommended Reading
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