Binding: Hardcover
Dewey Decimal Number: 332.6
EAN: 9780070220102
ISBN: 0070220107
Label: McGraw-Hill Companies
Manufacturer: McGraw-Hill Companies
Number Of Items: 1
Number Of Pages: 160
Publication Date: February 01, 1998
Publisher: McGraw-Hill Companies
Sales Rank: 658529
Studio: McGraw-Hill Companies

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Editorial Review:

Product Description:
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!) Common investing mistakes and painless strategies to avoid them




Rating: - Must read for those disappointed with "professional' money managers
Ellis exposes the money managers who claim they can buy a security for you cheap, let it rise up, and then sell just before it drops. The real truth that Ellis lets us in on is that these people don't know anymore than anyone else, and what REALLY effects the markets are random events that nobody can predict. He also shows that the money managers really only make money buy churning transactions, no matter how high or low a security is. He returns us to finance 101 that tells us MARKETS are efficient, ... Read More

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Rating: - A "must-read" for the sophisticated investor
An advanced look at how to invest in the markets. This is a must-read for all investors looking to get a deeper understanding of making money in stocks.

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Rating: - An enlighting book
This book gives a further mesage than "buy an index fund". It gives the reader a pragmatic view of investing. The message should be this "Investor know yourself and the scenario where your playing, then act consecuently". Investing is a serious activity and should be taken seriously. Too many traps are set for those who take it as game and too many avoidable dissapointments take place. This book is a great book and a must read for anybody, particularly for those who want to invest their money. For those ... Read More

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Rating: - Ellis doesn't believe his own advice
Ellis manages an active fund, which completely goes against the premise of his book. If he truley believes what he wrote, he would act accordingly. However, that isn't why I gave the book 2 stars. I gave the book 2 stars because it is basically a 2-3 page paper expanded to be a full book by using fillers. There is one simple concept, and it doesn't take an entire book to get across.

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Rating: - A classic book on investing
Charles was not the first to blow the whistle on active investing but was the first to write a book for the average investor. His advise and counsel are outstanding. In fact he has been called by the current administration to establish criteria for self funded social security investing. The book is a basic tutorial every investor should have on his bookshelf.

Piscaqua Research in a study covering the period 1987-96 found that only 10 out of 145 major pension funds, or just seven percent, out ... Read More

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