The cover of Winning the Loser's Game

Winning the Loser's Game

Why has beating the market become so hard, and what can an individual investor do instead?

At a glance

Author
Charles D. Ellis

Why read it

  • You will learn why writing down a long term investment policy protects your portfolio from yourself
  • You will spot the investor's biggest enemy, which the author says is the investor
  • You will stop trying to beat the market, since the author says massive changes in markets have made that goal unrealistic

Who it is for

  • A first time investor deciding where to put savings
  • A saver tempted to chase hot stocks
  • A retiree planning how long money must last

Contents

  1. A
  2. i
  3. FOREWORD
  4. PREFACE
  5. CHAPTER 1
  6. THE LOSER’S GAME
  7. CHAPTER 2
  8. THE WINNER’S GAME
  9. CHAPTER 3
  10. THE GRIM REALITIES
  11. CHAPTER 4
  12. BEATING THE MARKET
  13. CHAPTER 5
  14. MR. MARKET AND MR. VALUE
  15. CHAPTER 6
  16. INVESTOR’S DREAM TEAM
  17. CHAPTER 7
  18. INDEXING: YOUR “UNFAIR” ADVANTAGE
  19. CHAPTER 8
  20. INVESTOR RISK AND BEHAVIORAL ECONOMICS
  21. CHAPTER 9
  22. THE PARADOX HAUNTING ACTIVE INVESTING
  23. CHAPTER 10
  24. TIME: ARCHIMEDES’ LEVER
  25. CHAPTER 11
  26. INVESTMENT RETURNS
  27. CHAPTER 12
  28. INVESTMENT RISKS VERSUS UNCERTAINTY
  29. CHAPTER 13
  30. BUILDING INVESTMENT PORTFOLIOS
  31. CHAPTER 14
  32. WHOLE-PICTURE INVESTING
  33. CHAPTER 15
  34. MORE ABOUT BONDS
  35. CHAPTER 16
  36. WHY POLICY MATTERS
  37. CHAPTER 17
  38. PLAYING TO WIN
  39. CHAPTER 18
  40. CHALLENGES of PERFORMANCE MEASUREMENT
  41. CHAPTER 19
  42. ACTIVE INVESTING’S FAILURES
  43. CHAPTER 20
  44. PREDICTING THE MARKET—ROUGHLY
  45. CHAPTER 21
  46. INDIVIDUAL INVESTOR DECISIONS
  47. CHAPTER 22
  48. SELECTING MUTUAL FUNDS
  49. CHAPTER 23
  50. PHOOEY ON PHEES!*
  51. CHAPTER 24
  52. PLANNING YOUR PLAY
  53. CHAPTER 25
  54. DISASTER AGAIN AND AGAIN
  55. CHAPTER 26
  56. GETTING OK ON YOUR 401(k) PLAN
  57. CHAPTER 27
  58. YOUR ENDGAME
  59. CHAPTER 28
  60. THOUGHTS FOR THE WEALTHY

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