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.
PrefaceIntroductionChapter 1: The Loser's GameChapter 2: The Winner's Game Chapter 3: Beating the MarketChapter 4: Mr. Market and Mr. ValueChapter 5: The Investor's Dream TeamChapter 6: Investor Risk and Behavioral EconomicsChapter 7: Your "Unfair" Competitive Advantage IndexingChapter 8: The ParadoxChapter 9: TimeChapter 10: ReturnsChapter 11: Investment RisksChapter 12: Building PortfoliosChapter 13: Whole-Picture FinanceChapter 14: Why Policy MattersChapter 15: Playing to WinChapter 16: Challenges with Performance MeasurementChapter 17: The Dark Matter of InvestingChapter 18: Predicting the Market-RoughlyChapter 19: Individual Investors Chapter 20: Selecting Mutual FundsChapter 21: Phooey On PheesChapter 22: Planning Your PlayChapter 23: Disaster Again & AgainChapter 24: Getting Right on 401(K) PlansChapter 25 EndgameChapter 26: Thoughts for the WealthyChapter 27: You Are Now Good to Go!Chapter 28: Parting ThoughtsAppendix A: Serving on Investment CommitteesAppendix B: Murder on the Orient ExpressAppendix C: Recommended ReadingIndex