Figuring It Out: Sixty Years of Answering Investors' Most Important Questions

  • 6h 5m
  • Charles D. Ellis
  • John Wiley & Sons (US)
  • 2022

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.

About the Author

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.

In this Book

  • Foreword
  • Note on the Text
  • Introduction
  • The Changing Game
  • The Loser's Game
  • The Winners' Game
  • The Winner's Game II
  • The Rise and Fall of Performance Investing
  • Seven Rules for More Innovative Portfolio Management in an Age of Discontinuity
  • Will Success Spoil Performance Investing?
  • To Get Performance, You Have to Be Organized for it
  • Investing Success in Two Easy Lessons
  • The End of Active Investing?
  • In Defense of Active Investing
  • Murder on the Orient Express—The Mystery of Underperformance
  • Best Practice Investment Committees
  • Levels of the Game
  • An Invitation to Winning
  • Small Slam!
  • A Lesson from Seaside Cemetery
  • Tommy Armour on Investing
  • Ted Williams' Great Lessons for Investors
  • Symptoms and Signs
  • Lessons from the Warwick and Château Chambord
  • Investment Management Fees are Higher than We Think
  • Computer People May Be Planning a Revolution
  • Characteristics of Successful Investment Firms
  • A New Paradigm of Investment Management
  • Lessons on Grand Strategy
  • Pension Funds Need MORE Management MANAGEMENT
  • The Significance of 65
  • Where Were We?
  • Hard Choices—Where are We Now?
  • Bonds for Long-Term Investors?
  • What Role Should Bonds Play?
  • Too Much Liquidity Will Cost You
  • Letter to My Grandkids—12 Essential Investing Guidelines
  • Miss Sally's Attic
  • Ben Graham—Ideas as Mementos
  • The Corporate Tax Cut
  • Repurchase Stock to Revitalize Equity
  • Anti-Trust, Bank Mergers, and the PNB Decision
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