The Elements of Investing: Easy Lessons for Every Investor - Hardcover

Malkiel, Burton G.; Ellis, Charles D.

Hardcover

ISBN 10: 1119773733 ISBN 13: 9781119773733

Publisher: John Wiley & Sons Inc, 2020

Synopsis

Seize control of your financial future with rock-solid advice from two of the world’s leading investment experts

Investors today are bombarded with conflicting advice about how to handle the increasingly volatile stock market. From pronouncements of the “death of diversification” to the supposed virtues of crypto, investors can be forgiven for being thoroughly confused.

It’s time to return to the basics. In the 10th Anniversary Edition of The Elements of Investing: Easy Lessons for Every Investor, investment legends Burton G. Malkiel and Charles D. Ellis deliver straightforward, digestible lessons in the investment rules and principles you need to follow to mitigate risk and realize long-term success in the markets.

Divided into six essential elements of investing, this concise book will teach you how to:

• Focus on the long-term and ignore short-term market fluctuations and movements
• Use employer-sponsored plans to supercharge your savings and returns and minimize your taxes
• Understand crucial investment subjects, like diversification, rebalancing, dollar-cost averaging, and indexing

So, forget the flavor of the week. Stick with the timeless and invaluable advice followed by the world’s most successful retail investors.

About this title

About the Author

BURTON G. MALKIEL is the Chemical Bank Chairman's Professor of Economics Emeritus at Princeton University and the author of the bestselling A Random Walk Down Wall Street. Malkiel has served on the President's Council of Economic Advisers, as dean of the Yale School of Management, as chair of Princeton's Economics Department, and as a director of major corporations. He is currently the Chief Investment Officer of Wealthfront.

CHARLES D. ELLIS is a consultant to large public and private institutional investors. For three decades, he was managing partner of Greenwich Associates, the international business strategy consulting firm. He has taught investing at both Harvard and Yale and is the author of seventeen books, including the bestselling Winning the Loser's Game.

From the Back Cover

Since the original edition of The Elements of Investing was published over 10 years ago, investors have faced difficult economic times and unprecedented market volatility. It's not surprising that many investors simply choose to abandon the stock market. Too often, it seems to be too risky a place for retirement savings, and too unnerving for most to handle. Moreover, some professionals and media pundits frequently announce the death of "buy and hold" and "diversification" strategies.

With over 112 years of investment experience between them, Burton Malkiel and Charles Ellis have some sage advice: Don't listen to the pundits. Ignore them. The number of actively managed mutual funds outperformed by a simple index fund ranges from 70% over a 1-year timeframe to 90% after 15 years, based on hard market data. With their help, you can dial-in a powerful winning strategy, based on your risk-taking mindset and age, by following the elements of investing.

Two of the investment world's greatest thinkers, Malkiel and Ellis understand how you could get thoroughly confused by today's markets and the often-conflicting advice that comes with it. That's why they've returned with the Tenth Anniversary Edition of The Elements of Investing. While staying true to the original edition—and discussing the timeless investing and saving lessons that will put you on a path towards a lifetime of financial success—this book also contains fresh insights and market data to support its conclusions.

Written with every investor in mind, this short, straight-talking book skillfully offers a set of simple, yet powerful thoughts on how to avoid Mr. Market and his "loser's game," and instead enjoy the "winner's game" approach to investing. All the investment rules and principles you need to know are here—with clear advice on how to follow them.

Divided into six essential elements of investing, this little book packs a big message that can help secure your financial future all the way through retirement. Malkiel and Ellis touch on a variety of topics, from focusing on the long term instead of following market fluctuations to using employer- sponsored plans to supercharge your savings and minimize taxes. Along the way, they also address the best friends of any investor: diversification, rebalancing, dollar-cost averaging, and indexing.

The timeless lessons presented in this book are battle tested. If you take the time to learn them, you will be able to take control of your financial future.

From the Inside Flap

Since the original edition of The Elements of Investing was published over 10 years ago, investors have faced difficult economic times and unprecedented market volatility. It's not surprising that many investors simply choose to abandon the stock market. Too often, it seems to be too risky a place for retirement savings, and too unnerving for most to handle. Moreover, some professionals and media pundits frequently announce the death of "buy and hold" and "diversification" strategies.

With over 112 years of investment experience between them, Burton Malkiel and Charles Ellis have some sage advice: Don't listen to the pundits. Ignore them. The number of actively managed mutual funds outperformed by a simple index fund ranges from 70% over a 1-year timeframe to 90% after 15 years, based on hard market data. With their help, you can dial-in a powerful winning strategy, based on your risk-taking mindset and age, by following the elements of investing.

Two of the investment world's greatest thinkers, Malkiel and Ellis understand how you could get thoroughly confused by today's markets and the often-conflicting advice that comes with it. That's why they've returned with the Tenth Anniversary Edition of The Elements of Investing. While staying true to the original edition—and discussing the timeless investing and saving lessons that will put you on a path towards a lifetime of financial success—this book also contains fresh insights and market data to support its conclusions.

Written with every investor in mind, this short, straight-talking book skillfully offers a set of simple, yet powerful thoughts on how to avoid Mr. Market and his "loser's game," and instead enjoy the "winner's game" approach to investing. All the investment rules and principles you need to know are here—with clear advice on how to follow them.

Divided into six essential elements of investing, this little book packs a big message that can help secure your financial future all the way through retirement. Malkiel and Ellis touch on a variety of topics, from focusing on the long term instead of following market fluctuations to using employer- sponsored plans to supercharge your savings and minimize taxes. Along the way, they also address the best friends of any investor: diversification, rebalancing, dollar-cost averaging, and indexing.

The timeless lessons presented in this book are battle tested. If you take the time to learn them, you will be able to take control of your financial future.

Edition details

• Publisher: John Wiley & Sons Inc
• Publication date: 2020
• Language: English
• ISBN 10: 1119773733
• ISBN 13: 9781119773733
• Binding: Hardcover
• Number of pages: 137