Winning the Loser's Game: Timeless Strategies for Successful Investing
"Winning the Loser's Game is considered by many to be a classic analysis of investing." Financial Planning
The premise of the bestselling Winning the Loser's Gamethat individual investors can achieve far greater success working with financial markets than against themhas grown increasingly popular in today's hard-to-predict markets. The latest edition of this concise yet c...more
Short and to the point, this is one of the best books I've read for the individual investor. It doesn't go into much detail of specific asset classes, but has a great, high level, evidence based approach to one's overall investment approach. It's probably good to revisit once every few years as one's situation evolves. It may also be good for financial advisers to bridge the gap with clients. Additionally, the high level ...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 the 1960 ...more
Advice doesn't have to be complicated to be good.
Disciplined investors have the confidence and perspective to endure the markets inevitable downturns.
We are confirmation biased - looking for and overweight the significance of data that support our initial impressions.
Four ways to achieve an unfair CA in FM;
i) work longer hours
ii) think more deeply and further into the ...more
This book was good because it teaches yo ...more
Ellis also highlights the use of trusts as a tax minimization technique to transfer wealth, which will help wealthy readers with succession planning.
Overall, I recommend this book to one starting out in investing. ...more
Individual investors should invest in equity-based index funds around the globe, have a time-horizon of decades and follow explicit, well-thought policies. T-bills, bonds, real estate, commodities and mutual funds are poor investments compared to equities.
Too much on why mutual fund sucks and why it is important to diversify. "it is more rewarding to study investment history than to study the present", I wish to find a detailed discussion on the great depression, the high interest r ...more
There is alot of IPS, investment policy statement recommendations in the book. For some, this may be a tad boring.
Recommended to me by a friend. A good suggestion...that I'll pass along to you.