Winning the Loser's Game

Timeless Strategies for Successful Investing, Eighth Edition

by: Charles D. Ellis

in: Investing

Summary:

The book provides insights into the challenges of individual investing and the inefficiencies of actively managed funds, advocating for a long-term, passive approach to investing that emphasizes index funds and asset allocation. It offers practical advice on how to avoid common pitfalls and construct a portfolio that can withstand market volatility and deliver consistent returns.

Key points:

1. Loser's Game: In investing, like amateur tennis, success often comes from making fewer mistakes rather than skill. Avoiding common errors and managing risks is key.

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