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Winning the Loser's Game, Seventh Edition: Timeless Strategies for Successful Investing, by Charles D. Ellis
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From the Back Cover
"This remarkably insightful and lucidly written investment classic should be required reading for every serious investor."―Burton G. Malkiel, author of A Random Walk Down Wall Street"This is by far the best book on investment policy and management."―Peter Drucker"Ellis has written a liberating book about investing. This book will enable you to face your money matters squarely, with intelligence and vision, and help you create a plan that will increase the security and freedom of your later years."―Byron R. Wien, Morgan Stanley"A must-read. This clearly written book explores concepts essential to both institutional and individual investors. It is not a simplistic 'do-it-yourself' cookbook, but an elegant guide to investment truths and paradoxes."―Abby Joseph Cohen, Stock Market Strategist and Managing Director, Goldman, Sachs & Co."Radical in its simplicity. Investors--institutional and otherwise--will find this jolt to their cherished beliefs refreshing."―Adam Smith, author of Adam Smith's Money World"An outstanding guide for the individual investor, full of sound and useful advice for making one's way through the confusing maze of our contemporary financial world."―William E. Simon, former Secretary of the Treasury“The best book about investing? The answer is simple: WINNING THE LOSER’S GAME.â€â€•F. William McNabb III, Chairman, President, and CEO, The Vanguard Group, Inc.“A must-read classic that has stood the test of time―both in the markets and on the courts.â€â€•Martin Leibowitz, Managing Director at Morgan Stanley Research “This remarkably insightful and lucidly written investment classic should be requiredreading for every serious investor.â€â€•BURTON G. MALKIEL, author of A Random Walk Down Wall Street“The first edition of Charley Ellis’s great Winning the Loser’s Game was published in 1985. Each ubsequent edition has gotten more comprehensive, and more timely, and his seventh edition is best of all. Read it. Enjoy it. Learn from it.â€â€•John C. Bogle, Founder of the Vanguard Group and First Index Mutual Fund“Ellis has written a liberating book about investing. This book will enable you to face your money matters squarely, with intelligence and vision, and help you create a plan that will increase the security and freedom of your later yearsâ€â€•BYRON R. WIEN, Morgan Stanley“A must-read. This clearly written book explores concepts essential to both institutional and individual investors. It is not a simplistic ‘do-it-yourself ’ cookbook, but an elegant guide to investment truths and paradoxes.â€â€•ABBY JOSEPH COHEN, Stock Market Strategist and Managing Director,Goldman, Sachs & Co.“Radical in its simplicity. Investors―institutional and otherwise―will find this jolt to their cherished beliefs refreshing.â€â€•ADAM SMITH, author of Adam Smith’s Money World“An outstanding guide for the individual investor, full of sound and useful advice for making one’s way through the confusing maze of our contemporary financial world.â€â€•WILLIAM E. SIMON, former Secretary of the Treasury“No one understands what it takes to be a successful investor better than Charley Ellis and no one explains it more clearly or eloquently. This updated investment classic belongs on every investor’s bookshelf. - CONSUELO MACK, Executive Producer and Managing Editor, Consuelo Mack WealthTrack“This is less a book about competition than about sound money management. Sounder than Charley Ellis they do not come.†- ANDREW TOBIAS, Author, The Only Investment Guide You’ll Ever Need
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About the Author
CHARLES D. ELLIS advises institutions, wealthy families and governments around the world. Much in demand as a compelling speaker, he chaired the investment committee at Yale University and chairs Whitehead Institute for Biomedical Research.Ellis has taught the advanced investment courses at both Harvard Business School and Yale School of Management, written 17 books and well over 100 articles. Recognized as one of 12 leading contributors to the investment profession, he has chaired the CFA Institute and has served on over a dozen investment committees and as a director of Vanguard.  
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Product details
Series: Winning the Loser's Game
Hardcover: 304 pages
Publisher: McGraw-Hill Education; 7 edition (April 3, 2017)
Language: English
ISBN-10: 9781259838040
ISBN-13: 978-1259838040
ASIN: 1259838048
Product Dimensions:
6.4 x 1 x 9.5 inches
Shipping Weight: 1.2 pounds (View shipping rates and policies)
Average Customer Review:
4.7 out of 5 stars
18 customer reviews
Amazon Best Sellers Rank:
#188,620 in Books (See Top 100 in Books)
Waited 6 months for 7th Edition hoping to find new perspectives from Mr. Ellis. Unfortunately, compared to 6th Edition published four years ago- there is no discernible change or revision to content. No wonder the the publisher or the reviewers make no comments concerning the "new edition". No comments in Preface, Introduction, Front and Back Cover or the inside flaps!! What is the point of publishing another edition when there is nothing "new" or updated?? Just marketing. Hadn't expected that from McGraw Hill.
Truly one of the best books on successful investing for those who aren't financial experts and who aren't yet wealthy and who aren't day-traders, but who want to be successful long-term investors and to live a comfortable life before and during retirement. It explains why the only real chance that everyday people now have for being successful investors is to use index funds for the majority of their investment money. It shows in easily understood terms how and why the investment world has changed so much over the last 50 years that it is practically impossible even for investors and professional fund managers using high-cost actively-managed funds to beat the market with any extended rate of success. It shows why there is a much higher rate of financial success by using low-cost, passive index funds to closely match the performance of the markets. This book will open your eyes to the truths of present-day investing. I am not a book critic or a financial expert of any kind. I'm just a retired guy who has made many investing mistakes during my life using several financial advisors and as many strategies to try to invest for retirement (not using index funds). Had I read an earlier edition of this book much earlier in my life, I would have been in much better financial shape now. But better late than never.
It could have been covered in maybe four chapters if it wasn't so repetitive. More if it attempted to prove any of the assertions made. I agree with everything written, but this book wouldn't have convinced me. Maybe previous editions were better written?
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 theme can apply to many of life's endeavors.
I've done a lot of reading re: Investments. I am trying to spend less time on my investments and get at least the same return.This book really made sense. I loved the analogies which will help my wife to understand "the Market" as well. Now if I canjust follow my NEW Investment Philosophy, I'm sure all will go well.
This is the best book on investing ever! I have a large account and this book has made a huge difference. I switched to their theory in Jan of 2017 and thus have history.
A quick read with some good points. Investing 101 level book. If you are new to investing, a worthwhile read.
Charlie Ellis is one of the 3 best gurus on investing for individuals. This book was amazing
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