Table Of ContentPreface Introduction 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 Index
SynopsisEverything you need to know for long-term stock-market success--with critical new information about indexing, ETFs, and 401(k)s From one of today's most respected authorities on stock investing, Winning the Loser's Game explains how you can avoid common traps and succeed in today's volatile markets. Ellis presents the cold, hard facts about important changes in the market over the past 50 years, why succeeding with active investing has become more difficult, and how you can outperform markets for steady, long-term gain. With lower rates of return now and over the next several years, you need to rethink you overall approach to investing--and Ellis shows how in this heavily updated edition., 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.