Everything 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.
Charles D. Ellis is a sought-after investment consultant to institutions and governments around the world. For many years, he chaired the investment committee at Yale and also taught investment courses at Harvard Business School and Yale School of Management. Additionally, Ellis served as chairperson for the CFA Institute and served on the investment committees of Exeter, KAUST, Robert Wood Johnson Foundation, Hollins University, and Whitehead Institute. He is the author of 16 books.
Preface 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