The Elements of Investing
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The Elements of Investing

3.6 25
by Burton G. Malkiel, Charles D. Ellis
     
 

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In his classic book The Elements of Style, Professor William Strunk Jr. whittled down the art of powerful writing to a few basic rules. Forty years later, E.B. White initiated a revision, and thus The Elements of Style became known as Strunk & White. Following this same format, authors Charles Ellis and Burton Malkiel, two of the investment world's greatest

Overview

In his classic book The Elements of Style, Professor William Strunk Jr. whittled down the art of powerful writing to a few basic rules. Forty years later, E.B. White initiated a revision, and thus The Elements of Style became known as Strunk & White. Following this same format, authors Charles Ellis and Burton Malkiel, two of the investment world's greatest thinkers, have combined their talents to produce The Elements of Investing—a short, straight-talking book about investing and saving that will put you on a path towards a lifetime of financial success.

The Elements of Investing lays to rest the popular shibboleths that undergird the hyperactive trading of the average investor. In it, Malkiel and Ellis skillfully focus their message to address the essentials and offer a set of simple, but 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. In just two hours of reading time, you will learn all you need to know to be truly successful in investing. Divided into five essential elements of investing, this little book packs a big message that can help secure your financial future all the way through retirement. Topics touched upon include:

  • Diversifying broadly over different types of securities with low-cost "total market" index funds and different asset types—and why this is important

  • Focusing on the long term instead of following market fluctuations that are likely to lead to costly investing mistakes

  • Using employer-sponsored plans to supercharge your savings and minimize your taxes

  • And much, much more

A disciplined approach to investing, complemented by understanding, is all you need to enjoy success. This practical guide explains what you really need to know and puts you on the right course for long-term success through all kinds of markets.

Product Details

ISBN-13:
9780470528495
Publisher:
Wiley
Publication date:
12/14/2009
Pages:
154
Product dimensions:
5.20(w) x 7.10(h) x 0.80(d)

Meet the Author

Burton G. Malkiel is the Chemical Bank Chairman's Professor of Economics 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.

Charles D. Ellis is a consultant to large public and private institutional investors. He was for three decades managing partner of Greenwich Associates, the international business strategy consulting firm. He serves as Chair of Whitehead Institute and as a director of Vanguard and the Robert Wood Johnson Foundation. He has taught investing at both Harvard and Yale and is the author of 15 books, including the bestselling Winning the Loser's Game.

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Elements of Investing 3.6 out of 5 based on 0 ratings. 25 reviews.
BolivarJ More than 1 year ago
Winning the Loser's Game and A Random Walk Down Wall Street authors team up to write The Elements of Investing. Malkiel and Ellis have written a book less complex than their previous works; however, the result is a simplified form of investment principles such as: Asset Allocation, Market Timing, and Security Selection. For a book that is only 176 pages long, the authors do a good job emphazising their points in five different categories:> Save,> Index, >Diversify, >Avoid Blunders,> Keep It Simple. The authors don't go into much detail to try to explain each category, but touch in basic finance fundamentals, such as: saving and the power of compounding, taxes, and saving longetivity. The second part, emphasizes their strong opinion about index funds for each asset allocation. Part three focus on diversifying across securities, asset classes, markets, and time horizons. Part four warns investors about common investments mistakes. Having been published in 2010, the book is very accurate, and both authors are up to date with their research, and as you read the last part of the book,-Keep it simple- all the pieces fit together. The book has a couple of very nice surprises, I found the Rebalance and Rules of Investing sections simply outstanding. The Elements Of Investing by Malkiel and Ellis shows nothing that hasn't been published before, Having said that, don't expect a deep research or study of the market, investment vehicles or asset allocation.
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GeneNJ More than 1 year ago
Best, Plain language, Understandable, of any investing book I have ever read. Gave copies to my sons.
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