An indispensable collection of essays from one of the investment world’s leading lights In Figuring It Out: Answers to the Most Difficult Investment Questions, world-renowned investing and finance guru Charles D. Ellis delivers a robust collection of incisive essays on an array of perennial and contemporary investing issues, from the rise and fall of performance investing to a compilation of essential investing guidelines. In the book, you’ll also find eye-opening discussions of:
Whether bonds are an appropriate investment vehicle for long-term investors The costs of excessive liquidity in the typical portfolio The characteristics of successful investment firms, and how to spot them A can’t-miss resource for the everyday retail investor, author Charles Ellis draws on a lifetime of distinguished client service in the financial markets to reward readers with common-sense and accessible advice that deserves to be followed by anyone with an interest in maximizing their investment returns over the long haul.
By:
CD Ellis
Imprint: John Wiley & Sons Inc
Country of Publication: United States
Dimensions:
Height: 232mm,
Width: 159mm,
Spine: 27mm
Weight: 620g
ISBN: 9781119898955
ISBN 10: 1119898951
Pages: 352
Publication Date: 22 July 2022
Audience:
Professional and scholarly
,
Undergraduate
Format: Hardback
Publisher's Status: Active
Foreword ix Note on the Text xi Introduction xiii 1 The Changing Game 1 2 The Loser’s Game 35 3 The Winners’ Game 47 4 The Winner’s Game II 61 5 The Rise and Fall of Performance Investing 73 6 Seven Rules for More Innovative Portfolio Management in an Age of Discontinuity 89 7 Will Success Spoil Performance Investing? 93 8 To Get Performance, You Have to Be Organized for It 99 9 Investing Success in Two Easy Lessons 107 10 The End of Active Investing? 111 11 In Defense of Active Investing 119 12 Murder on the Orient Express: The Mystery of Underperformance 127 13 Best Practice Investment Committees 141 14 Levels of the Game 157 15 An Invitation to Winning 163 16 Small Slam! 167 17 A Lesson from Seaside Cemetery 171 18 Tommy Armour on Investing 173 19 Ted Williams’ Great Lessons for Investors 177 20 Symptoms and Signs 181 21 Lessons from the Warwick and Château Chambord 191 22 Investment Management Fees Are Higher Than We Think 199 23 Computer People May Be Planning a Revolution 203 24 Characteristics of Successful Investment Firms 207 25 A New Paradigm of Investment Management 215 26 Lessons on Grand Strategy 221 27 Pension Funds Need MORE Management MANAGEMENT 227 28 The Significance of 65 233 29 Where Were We? 237 30 Hard Choices: Where Are We Now? 243 31 Bonds for Long-Term Investors? 251 32 What Role Should Bonds Play? 261 33 Too Much Liquidity Will Cost You 265 34 Letter to My Grandkids: 12 Essential Investing Guidelines 269 35 Miss Sally’s Attic 277 36 Ben Graham: Ideas as Mementos 281 37 The Corporate Tax Cut 291 38 Repurchase Stock to Revitalize Equity 295 39 Anti-Trust, Bank Mergers, and the PNB Decision 315 Index 325
CHARLES D. ELLIS is one of the leading contributors to the investment profession. He has chaired the CFA Institute, served as a Director of Vanguard and on over a dozen investment committees, including many years on the Yale Investment Committee. He has taught advanced investment courses at both Harvard Business School and Yale School of Management. This is his 19th book.
