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Winning the Loser's Game
Book

Winning the Loser's Game

Timeless Strategies for Successful Investing, Eighth Edition

Charles D. Ellis
McGraw-Hill, 2021
First Edition: 1985

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Editorial Rating

8

Qualities

  • Comprehensive
  • Analytical
  • Applicable

Recommendation

In this updated investing classic, market expert Charles D. Ellis offers a solid and unbiased analysis of how markets work today, and he explains why even the best professionals can no longer expect to sustain a winning streak. The savviest strategy for individual investors, he argues, is to invest in low-cost index funds where the objective is to replicate – not outperform – the broad market. While getAbstract never offers investment advice, it believes that anyone saving and investing to achieve a comfortable retirement and other goals will want this important reference book in their libraries.

Take-Aways

  • It’s no longer possible to beat the market.
  • Active investment is not a zero-sum game but a negative-sum game.
  • Professional stock pickers try to find anomalies in share prices.

About the Author

Charles D. Ellis founded Greenwich Associates, an international consulting firm, and he is a consultant to large institutional investors, government organizations and high-net-worth families.

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