Winning the Loser's Game

  • by Charles D. Ellis
  • Narrated by John Lescault
  • 4 hrs and 23 mins
  • Unabridged Audiobook

Publisher's Summary

This indispensable investment guide asks the question: how can an individual invest successfully when the majority always fails? Charles Ellis, one of today's most brilliant investment writers, has updated his influential book to include:

Ways to escape the ravages of taxes and inflation
How to successfully pass your estate to your heirs (not the taxman!)


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Customer Reviews

Most Helpful

A Classic on Efficient Market Hypothesis

It was great to hear the efficient market hypothesis "straight from the horse's mouth". Ellis' classic paper from the Journal of Fianance comparing professional investing to amateur tennis has been updated and is a compelling description of why active traders should expect to lose.
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Disclaimer! I only listened to the first three hours of the book. I tried to listen to the whole thing but finally gave up. I got tired of hearing how irrational we individual investors are and how rational the market is and therefore the only way to "win" is to buy an index fund and hold it a long time. This is not new advice.

The beginning was interesting as the author discussed the differences between a winner's game and a loser's game. However, this does not make the audiobook worth using one of my credits on. I wish I had checked it out from the library instead.
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- J. Cates

Book Details

  • Release Date: 02-23-2006
  • Publisher: McGraw-Hill Education