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(Hardcover - 4th Edition)
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| Audio - Abridged, 3 cassettes, 4 hrs. 30 min. | $24.00 |
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By far the best book on investment policy.--Peter Drucker
More Reviews and RecommendationsCharles D. Ellis is managing partner of Greenwich Associates, the global leader in strategy consulting to professional financial service firms. The author of ten books and nearly 100 articles on investing, Ellis has taught the investment courses at both Harvard Business School and the Yale School of Management. In addition to chairing AIMR--the investment management profession's worldwide association--he has served as a trustee of Phillips Exeter Academy, overseer of the Stern Schools of Business at NYU, and director of the Harvard Business School. He is also a trustee and chair of the investment committee at Yale University.
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September 28, 2009: "The Real Purpose of investment management is not to "beat the market" but do do what is right for a particular client" or yourself!
I have 16 "sticky notes" in this book, indicating to me, very relevant and important pages. Because over 90% of all NYSE public trades are now handled by professionals, you, the individual investor, cannot beat them. But, with self-discipline, patience, and fortitude, you can still be a "winner" at investing. How many people have to tell us, before we will finally believe it, that "market timing is a wicked idea," and we should never try it? For individual investors he has a listed (pp 141-142) "10 commandments" to guide you/one in decisions on investing. Excellent. I have read, in the last 5 years, over 60 books, and hundreds of articles on investing. This is one of the best books. The author also lists a few of his favorites at the end, most of which I agree with, but also wish he had listed some others. But, if one lists too many items, the reader will not look at any of them, has been my experience. I highly recommend this book for both the investment advisor, and especially for the individual investor.