Everything you need to know for long-term stock-market success―with critical new information about indexing, ETFs, and 401(k)s
From one of today’s most respected authorities on stock investing, Winning the Loser’s Game explains how you can avoid common traps and succeed in today’s volatile markets. Ellis presents the cold, hard facts about important changes in the market over the past 50 years, why succeeding with active investing has become more difficult, and how you can outperform markets for steady, long-term gain. With lower rates of return now and over the next several years, you need to rethink you overall approach to investing―and Ellis shows how in this heavily updated edition.
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Charles D. Ellis (Greenwich, CT) served for 28 years as managing partner for Greenwich Associates, the global leader in strategy consulting to professional financial service firms. He has consulted with the worlds leading investment managers and securities firms. Primarily in the United states, but also in Australia, Canada, Japan, and the United Kingdom. The author of 12 books and more than 200 articles on investing, Ellis has taught investment courses at the Harvard Business School and the Yale School of Management.
"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.
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.
Martin Leibowitz, Managing Director at Morgan Stanley Research  
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
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.
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 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
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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