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    Summary of Charles D. Ellis's Winning the Loser's Game, Seventh Edition
    Summary of Charles D. Ellis's Winning the Loser's Game, Seventh Edition
    Summary of Charles D. Ellis's Winning the Loser's Game, Seventh Edition
    Ebook49 pages23 minutes

    Summary of Charles D. Ellis's Winning the Loser's Game, Seventh Edition

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    Please note: This is a companion version & not the original book. Book Preview:

    #1 The traditional investment management approach is based on a single core belief: investors can beat the market, and superior managers will beat the market. That optimistic expectation was reasonable 50 years ago, but not today. Times have changed the markets so much in so many major ways that the premise has proven unrealistic.

    #2 The difference between a winner’s game and a loser’s game is that in a winner’s game, the outcome is determined by the correct actions of the winner, while in a loser’s game, the outcome is determined by the mistakes made by the loser.

    #3 The two games are fundamentally opposed. Professional tennis is a winner’s game: the outcome is determined by the actions of the winner. Amateur tennis is a loser’s game: the outcome is determined by the actions of the loser, who defeats himself or herself.

    #4 The new rules of the money game are extremely difficult for active mutual fund investment managers to overcome. To at least break even, they must return more than 10. 25 percent before all their costs.

    LanguageEnglish
    PublisherIRB Media
    Release dateMay 11, 2022
    ISBN9798822512887
    Summary of Charles D. Ellis's Winning the Loser's Game, Seventh Edition
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Book preview

      Summary of Charles D. Ellis's Winning the Loser's Game, Seventh Edition - IRB Media

      Insights on Charles D. Ellis's Winning the Loser's Game, Seventh Edition

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 4

      Insights from Chapter 5

      Insights from Chapter 6

      Insights from Chapter 7

      Insights from Chapter 8

      Insights from Chapter 9

      Insights from Chapter 10

      Insights from Chapter 11

      Insights from Chapter 12

      Insights from Chapter 13

      Insights from Chapter 14

      Insights from Chapter 15

      Insights from Chapter 16

      Insights from Chapter 17

      Insights from Chapter 18

      Insights from Chapter 19

      Insights from Chapter 20

      Insights from Chapter 21

      Insights from Chapter 22

      Insights from Chapter 23

      Insights from Chapter 24

      Insights from Chapter 25

      Insights from Chapter 26

      Insights from Chapter 27

      Insights from Chapter 28

      Insights from Chapter 1

      #1

      The traditional investment management approach is based on a single core belief: investors can beat the market, and superior managers will beat the market. That optimistic expectation was reasonable 50 years ago, but not today. Times have changed the markets so much in so many major ways that the premise has proven unrealistic.

      #2

      The difference between a winner’s game and a loser’s game is that in a winner’s game, the outcome is determined by the correct actions of the winner, while in a loser’s game, the outcome is determined by the mistakes made by the loser.

      #3

      The two games are fundamentally opposed. Professional tennis is a winner’s game: the outcome is determined by the actions of the winner. Amateur tennis is a loser’s game: the outcome is determined by the actions of the loser, who defeats himself or herself.

      #4

      The new rules of the money game are extremely difficult for active mutual fund investment managers to overcome. To at least break even, they must return more than 10. 25 percent before all their costs.

      #5

      The reason investing has become a loser’s game is that the efforts

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