World Famous Comics: Winning the Loser's Game: Timeless Strategies for Successful Investing
Winning the Loser's Game: Timeless Strategies for Successful Investing
By: Charles D. Ellis Publisher: McGraw-Hill Average Rating: Binding: Hardcover Label: McGraw-Hill Number of Items: 1 Number of Pages: 182 Publication Date: March 14, 2002
Product Description: "Winning the Loser's Game is considered by many to be a classic analysis of investing." Financial Planning
The premise of the bestselling Winning the Loser's Gamethat individual investors can achieve far greater success working with financial markets than against themhas grown increasingly popular in today's hard-to-predict markets. The latest edition of this concise yet comprehensive classic offers updated strategies to leverage the power of time and compounding, protect against down cycles, and more.
Must read for those disappointed with "professional' money managers Ellis exposes the money managers who claim they can buy a security for you cheap, let it rise up, and then sell just before it drops. The real truth that Ellis lets us in on is that these people don't know anymore than anyone else, and what REALLY effects the markets are random events that nobody can predict. He also shows that the money managers really only make money buy churning transactions, no matter how high or low a security is. He returns us to finance 101 that tells us MARKETS are efficient, trying to time the market is not.
A "must-read" for the sophisticated investor An advanced look at how to invest in the markets. This is a must-read for all investors looking to get a deeper understanding of making money in stocks.
An enlighting book This book gives a further mesage than "buy an index fund". It gives the reader a pragmatic view of investing. The message should be this "Investor know yourself and the scenario where your playing, then act consecuently". Investing is a serious activity and should be taken seriously. Too many traps are set for those who take it as game and too many avoidable dissapointments take place. This book is a great book and a must read for anybody, particularly for those who want to invest their money. For those who may want further reading I would encourage them to read Wealth: Grow It, Protect It, Spend It, and Share It (Paperback) (Wharton School Publishing Paperbacks) and The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Book Big Profits), they're both easy to read and will give you further knowledge of how seriously investing is.
Ellis doesn't believe his own advice Ellis manages an active fund, which completely goes against the premise of his book. If he truley believes what he wrote, he would act accordingly. However, that isn't why I gave the book 2 stars. I gave the book 2 stars because it is basically a 2-3 page paper expanded to be a full book by using fillers. There is one simple concept, and it doesn't take an entire book to get across.
A classic book on investing Charles was not the first to blow the whistle on active investing but was the first to write a book for the average investor. His advise and counsel are outstanding. In fact he has been called by the current administration to establish criteria for self funded social security investing. The book is a basic tutorial every investor should have on his bookshelf.
Piscaqua Research in a study covering the period 1987-96 found that only 10 out of 145 major pension funds, or just seven percent, out performed a portfolio consisting of a simple 60%/40% mix of the S&P 500 index and the Lehman Bond index respectively.
Or is it logical I ask for you to believe that you can predict which actively managed funds will out perform, or are you overconfident of your skills? If you are trying to find the great fund managers who will out perform in the future ask yourself: what am I going to do differently in terms of identifying the future winning fund managers, than did the pension plans and their advisors? And if you are not going to something different what logic is there in playing a game at which others with superior resources have consistently failed?
If you a really serious in finding an investment technique that will provide you with reasonable return with less risk I suggest the following little book. This is a little book that I have written and contains the essential of how to invest. Just click on the title to find the book.
The book is titled How to Make Money in the Stock Market-Buy 2,500 different stocks for $1000 - Pay no Commission. Easy to read packed with precise directions for success. A cookbook for the investor just follow directions. I enjoyed this book a great deal. It shows how indexing and diversification strategies work and why they are so important to investing success. Unlike many other books, this one is not only informative, but also useful. There should be no question as how to implement the author's strategy and measure your progress. He skillfully addresses asset allocation, and shows how to minimize tax consequences by assigning securities to tax deferred accounts. The author does not dwell on lengthy longwinded discussions but cuts to the quick with useful recommendation and directions for the novice and experienced investor as well. I recommend this book for all investors.Just click on the underlined title to go to the reviews of the book.The author answers all yiur questions by Email within 24 hours.How to Make Money in the Stock Market-Buy 2,500 Different Stocks-Pay no Commission
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