"""Winning the Loser's Game "is considered by many to be a classic analysis of investing." "--"Financial Planning"
The premise of the bestsel... read full description
reviews
Feb 12, 2011
I like the portrail of investing as a "losers game"--not a game that can't be won, but one which is usually decided by the loser faulting rather than the winner exhibiting superior skill or talent (pp. 1-6). Interesting that it hasn't always been this way, though. In the 1960s institutions did only 10 percent of the public trading; now they make 90 percent of all NYSE public trades (pp. 10-11). The advantage the professionals once offered is now gone--not because they "lack skill
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Sep 18, 2008
Mark
rated it: 
A short book with lots of difficult vocabulary about investing that concentrates too much on institutional investors especially through the beginning of the book. Ellis highlights a few central themes at the beginning about risk, returns, and portfolios with similarities to the points of Bernstein and Malkiel, but he explains in doing so how your investment manager should be watched. Ellis notes investment managers who happen to do very well, should be doing so within the predetermined risk to
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Apr 22, 2008
Raghu
rated it: 
Reading this book in 2008 may probably make some people feel as though it is not saying anything new. It emphasises a number of things that have become common wisdom nowadays - that you should invest in index funds, not try to beat the market but focus on beating taxes and inflation, that almost 75% of the fund managers underperform the market etc..etc.
But that does not make the book a boring one. To me, it makes an interesting argument as to why we should not try to beat the market. In th More...
But that does not make the book a boring one. To me, it makes an interesting argument as to why we should not try to beat the market. In th More...
Apr 30, 2008
Michael
rated it:
Makes a compelling argument for ditching expensive, fee-based, ineffectual actively-managed investments for low-cost market index-based mutual funds over a long-term investment horizon (20+ years.) Maybe a bit too "financial-ese" for some, but worth getting your head around.
Jun 19, 2011
Just because you have an IRA or 401K doesn't mean you're an investor. Regular investments in a balanced portfolio of global index funds is the only way to save for retirement. Anything else is entertainment or gambling.
Jul 07, 2008
Rob
rated it:
Very good conceptual and non-technical book about long term investing strategies for the individual investor.
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