Review: The Elements of Investing

Elements of Investing

The Elements of Investing (Wiley) packs a lot of wisdom into its 130 little pages. It begins by explaining some cardinal rules of investing (the time value of money , the Rule of 72 ) and imparting some commonsense advice about reducing debt and saving more money. Then it lays out the case that Malkiel and Ellis have been arguing for decades: “Investors will be much better off bowing to the wisdom of the market and investing in low-cost index funds, which simply buy and hold all the stocks in the market as a whole.”

The book includes a wise chapter on avoiding common blunders, like trying to outsmart the market or putting faith in pundits who claim to have a crystal ball: “So, as an investor, what should you do about forecasts—forecasts of the stock market, forecasts of interest rates, forecasts of the economy? Answer: Nothing.”

The Elements of Investing has the usual limitations for Canadians: its practical advice about 401(k) plans, Roth IRAs and American index funds are all but useless for investors in this country. Readers who learn the principles behind building a diversified index portfolio should be able to adapt the information for Canada, but I caution readers that Ellis’s suggested asset allocations are way too aggressive for most investors: he suggests people in their 40s keep no more than 15% in bonds, and recommends 30% to 50% stocks even for people in their 80s.

If you’re new to index investing—or you’re hoping to win over a friend or family member who’s still buying crummy mutual funds—this book is an excellent place to start. When you finish it, pass along your copy to your advisor.

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Thanks… I’ll look this one up in my local library.

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I don’t think 30-50% in stocks is too aggressive at all. My dad has always had 100% in stocks and has done great. Every time I put money into bond funds I lose money big time. Perhaps the key is if you’re buying bonds to only buy individual bonds and not bond funds? I’m sticking with 100% stocks diversified over many asset classes/global regions.

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Just to clarify, I feel 50% in stocks is aggressive for someone in their 80s, who is presumably living off the income from their portfolio. If you had this allocation and turned 80 in the year 2000, you’d be having an awfully stressful decade.

I guess it depends on where you are in your investing – my dad is 73 and his portfolio is about $800,000. I guess if he were living closer to the edge (with very little in his portfolio to start with), it would have been a big problem to have 100% in stocks during the crash.

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My father in law had 100 percent of 1.4 million in a high income mutual fund. This is a balanced fund with about a 50/50 split between equity and fixed income. Last year he lost close to $500,000. He is 85. I don’t think that’s is very good. I’m glad he didn’t have 100% equities.

Cliff: Just curious whether the mutual fund was his choice or whether a “highly qualified financial advisor” decided that an 85-year-old with $1.4 million needed to invest half his money in stocks?

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Hi, I don’t know if I will be able to get a reply from you on this or not as the last reply I see is in 2010, but I’m going to ask you anyway, Currently im 28 yrs old and had last year setup a leveraged investment of $100,000 in a segregated fund as was Advised by a financial advisor who I’m sure will benefit from it. First question is was it a good decision or not? Also It was step as 75% aggressive portfolio. I haven’t made much or either lost uptill now. Second, I have this year setup a spousal RRSP as well of $10,000 and invested with TD Comfort Balanced Portfolio, was that a good choice.

Now I have around $15,000 which I would like to invest in stocks or bonds but would like to do that myself , what would you advise? Thanks

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@Harris: I hate to be the bearer of bad news, but a leveraged investment in a seg fund means that you are probably paying 5% or 6% interest on the loan and 3% to 4% on the fund fees, which makes it awfully difficult to earn a decent return. But I’m sure your “adviser” is doing very well indeed.

The TD Comfort Portfolios are pretty standard fare from the banks: a 2% MER, but at least they’re well diversified.

Comments are closed.

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Book Review: The Elements of Investing by Burton G. Malkiel and Charles D. Ellis

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elements of investing book review

Two great authors/thinkers recently released a book titled The Elements of Investing. The authors who co-wrote the book are Burton G. Malkiel and Charles D. Ellis. Burton Malkiel is the author of the very famous and bestselling book A Random Walk Down Wall Street . Malkiel is also a professor of economics at Princeton University. Charles Ellis is a director at the Vanguard Group. He has taught investing at Harvard and Yale and is the author of the bestselling book Winning the Loser’s Game . The two men have teamed up and written a book titled The Elements of Investing . The book is a very quick read. The authors accurately claim that the book will take about two hours to read ( it probably took me less time than that to read it). However, one must not mistake concise for lacking value. The book teaches invaluable lessons to the beginning investor.

The book is divided into five parts which I will describe in more detail alone. The five sections discuss saving, indexing, diversification, avoiding blunders, and keeping investing simple.

I Saving – the authors devote the first part of the book detailing the importance of saving money. The authors give a few tips on how to save. They warn readers to avoid credit card debt since you are getting charged interest of 18% sometimes. When you do not repay on time and you keep getting charged interest on interest the numbers become astronomical and nearly impossible for the average American to pay back. Other tips on investing include- buying term life insurance, buy pre-owned cars, buy high deductable insurance, and cut back your spending!

The authors also state that any money you save you can compound and make you very rich when you retire. The authors quote Warren Buffett as stating that he views every dollar spent as $7 or $8 spent since he could have invested it and compounded it.

The authors provide a good example of how important it is to start saving young. William at age 20 invested $4,000 a year in stocks in a tax free account for the twenty years at which point he stopped. James at age 40 started investing $4,000 in stocks in a tax free account for the next 25 years. The results: William retired with $2.5 million and James retired with $400,000. The lesson is clear start saving as much as you can and start early.

II- Indexing – the authors being believers in efficient market theory are big fans of indexing. They show statistics regarding the outperformance of index funds to actively managed funds. This is not only true in regards to stock index funds, bond index funds outperform actively managed bond funds by even wider margins. The authors also discuss ETFs and why they believe that mutual funds are better for most investors. The reason being ,that if you are contributing to your savings on a regular basis you will have to pay ETF commission fees, whereas you can make additional contributions to your index fund for no cost.

III- Diversification – The authors stress the importance of diversification. They point out the folly in making your 401K contributions to your own company. The authors tell a sad story of a secretary at Enron who put all her 401K contributions in Enron stock. Right before the collapse she was worth $3 million, after Enron collapsed she was penniless. This chapter of the book also discusses the importance of dollar cost averaging. Malkiel and Ellis stress importance of diversifying not just in domestic stocks but across other asset classes such as bonds and by purchasing international index funds. The authors also mention the need to have a chosen allocation of stocks versus bonds depending on your age and financial situation. The authors also state the importance of rebalancing your portfolio from time to time to keep your chosen allocation at your desired level.

IV- How to avoid blunders – The authors discuss how one of the important ways of making money is avoiding mistakes of losing money. They mention Warren Buffett as avoiding the tech bubble in the late 1990s and complex CDOs during the housing bubble and how he was mocked at the time. However, in the end Buffett was proven correctly because he stuck to his instincts.

The authors discuss in this chapter how “experts” are usually wrong in their predications and that an investor should ignore their forecasts. The authors briefly discuss some bubbles and how easy it is to get swept up in the mania of one. Malkiel and Ellis provide an excellent chart which shows that unfortunately inflows in to stock mutual funds usually peak at market highs, and outflows peak at market bottoms. This sad fact leads to investors earning far lower returns than both index and actively managed mutual funds.

V- Keep it simple – Wall Street tries to make investing seem much more complex than it truly is. The authors review some concepts discussed in the book such as the importance of buying health insurance, saving, and setting aside a cash reserve for emergencies.

Malkiel and Ellis demonstrate in this chapter how simple it is to index.

To Read the rest of my book review on Guru Focus click here

To purchase the book on Amazon.com click on the following link The Elements of Investing

New FTC rules require me to disclose I have a material connection because I received a free copy of this book to review.

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By Admin on April 15, 2010 Estimated reading time: 2 minutes

Book Review: The Elements of Investing

Book Review: The Elements of Investing is brought to you by Canadian Capitalist -- Helping you to invest & prosper.

The authors of this slim volume need no introduction. Burton Malkiel’s A Random Walk Down Wall Street is a classic that was first published in 1973 and is still in print. Charles Ellis is a legendary portfolio manager and author of Winning the Loser’s Game (I reviewed it here ). They have combined forces to boil down investing to its elements in this short book that you can breeze through in a couple of hours. The authors say the book follows the format of The Elements of Style , a short classic on the art of powerful writing, which I confess isn’t a title I had heard about before.

In the book, the authors lay out a super simple approach to investing that can be profitably employed by anyone. They call it KISS Investing and it includes the following steps:

  • Save regularly and start early.
  • Use company- and government-sponsored retirement plans to supercharge your savings and minimize your taxes.
  • Diversify broadly over different securities with low-cost “total market” index funds and different asset types.
  • Rebalance annually to the asset mix that’s right for you.
  • Stay the course and ignore market fluctuations; they are likely to lead to serious and costly investing mistakes. Focus on the long term.

If you’ve read other popular tomes on investing, you won’t find much that is new here and can safely skip this one (and thank me for saving you $17 or so). But investors of all ages who are new to investing will be delighted to learn that the basic principles for achieving financial success are not exactly rocket science. The book is published by John Wiley and has a cover price of $23.95.

Related Reading:

  • Book Review: Worry-Free Investing
  • Book Review: Active Value Investing
  • Book Review: Enough Bull
  • Reader Question: Rebalancing and Currency Exposure
  • Book Review: Understanding Wall Street

Book Review: The Elements of Investing is brought to you by Canadian Capitalist — Helping you to invest & prosper.

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elements of investing book review

The Elements of Investing: Easy Lessons for Every Investor, 10th Anniversary Edition

ISBN: 978-1-119-77378-8

September 2020

elements of investing book review

Burton G. Malkiel , Charles D. Ellis

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.

Burton G. Malkiel is the Chemical Bank Chairman's Professor of Economics Emeritus at Princeton University. He is a former member of the Council of Economic Advisers, dean of the Yale School of Management, and has served on the boards of several major corporations, including Vanguard and Prudential Financial. He is the chief investment officer of Wealthfront. Charles D. Ellis  advises institutions, wealthy families and governments around the world. Much in demand as a compelling speaker, he chaired the investment committee at Yale University and chairs Whitehead Institute for Biomedical Research. Ellis has taught the advanced investment courses at both Harvard Business School and Yale School of Management, written 17 books and well over 100 articles. Recognized as one of 12 leading contributors to the investment profession, he has chaired the CFA Institute and has served on over a dozen investment committees and as a director of Vanguard.

Book Review: The Elements of Investing

David Merkel, CFA profile picture

This is a basic book. A very, very basic book. Did I mention this is a basic book? Well, it is a basic book.

Sorry about that. When you read a lot of sophisticated stuff on investing regularly, and then read The Elements of Investing , you know that you have to take a step back and re-think investing for everyone.

Written by Burton G. Malkiel & Charles D. Ellis, two notable investment writers favoring low cost indexing, and with a forward from David Swensen, you know that it will be a traditional buy-and-hold analysis. (Though there is something funny here. The authors criticize using the complex asset classes that Swensen uses, and Swensen criticizes buying individual stocks, which the authors use in small measure.)

The book has five sections:

  • Avoid Blunders
  • Keep it Simple

The section on saving is excellent, and offers many ways that people can cut their spending without ruining their lives.

The indexing section is fine, though it overstates the inability of investors to beat the indexes. Yes, the market can’t beat the market as a whole, but dedicated investors following value and momentum can beat the market, until too many copy those unpopular strategies.

Diversification is wise. But there are limits. If one is going to be active, be active, and ignore the index. Otherwise, be passive and index. What’s that, you say: “If I miss by too much, I will lose a lot of assets.” Sorry, but that is the price of being an active manager. If you are going to do it make the most of it; don’t hug the index. But the wag will say, “just avoid being in the bottom quartile. You only get fired in the bottom quartile, so hug the index.” The behaviors that benefit managers are not the same ones that benefit clients.

They recommend rebalancing, which I do as well. They also recommend value investing in moderation.

I am totally in agreement with the chapter on avoiding blunders. You win by not losing, and compound it over time to really build value.

The section on keeping it simple focuses on asset allocation, tailoring investment returns to individual situations, and is pretty basic. I found little objectionable here, but I would spend some time analyzing when asset classes are cheap or dear.

They have an appendix on saving on taxes which is valuable, but if I had been in their shoes, I would have described additional strategies to lower tax liabilities off of both capital gains and losses.

They treat international investing as a free lunch, which it is not due to confiscation, currency risks, war, plague, famine, financial failure, etc. The last forty years have been special, because of peace in developed economies. That may not be true in the future. I invest internationally, but only 25% of assets at most, and only in places where I trust the rule of law.

Who would benefit from these books:

This is the perfect book for your dumb brother-in-law (or similar) who has excess cash flow, and always seems to lose money on his investments. Given the section on saving, it could also be valuable for your spendthrift brother who is constantly complaining about being in debt.

This is a very basic book. Give it to the clueless; it cetainly won’t hurt them, and it might help them a lot.

If you want to, you can buy it here: The Elements of Investing .

Full disclosure: Without asking, I was e-mailed a copy of the book. Personally, if I were the publisher, I would send a physical copy. Not that I am going to post it for free use, but I know that many will.

If you enter Amazon through my site, and you buy anything, I get a small commission. This is my main source of blog revenue. I prefer this to a “tip jar” because I want you to get something you want, rather than merely giving me a tip. Book reviews take time, particularly with the reading, which most book reviewers don’t do in full, and I typically do. (When I don’t, I mention that I scanned the book. Also, I never use the data that the PR flacks send out.)

Most people buying at Amazon ( AMZN ) do not enter via a referring website. Thus Amazon builds an extra 1-3% into the prices to all buyers to compensate for the commissions given to the minority that come through referring sites. Whether you buy at Amazon directly or enter via my site, your prices don’t change.

This article was written by

David Merkel, CFA profile picture

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Publications

The Elements of Investing

A winner's approach to investing , The Elements of Investing is a reliable title that will direct you on a path towards financial success. Respectable financial thinkers Charles Ellis and Burton Malkiel have yet again combined their expertise to produce a book about investing and saving, written with every investor in mind. Page by page, this book addresses the essentials and offers a set of simple, but powerful thoughts on how to avoid heading to the "loser's game."

Topics Discussed

Associated People

Burt malkiel, charley ellis, child publications.

"These noted authors have distilled all you need to know about investing into a very small package. The best time to read this book is when you turn eighteen (or maybe thirteen) and every year thereafter."

— Harry Markowitz , Nobel Laureate in Economics 1990

"Struggling to find money to save? Befuddled by the bewildering array of investment choices? As you venture into the financial markets for the first time , it's helpful to have a trusted guide—and, in Charley Ellis and Burt Malkiel , you have two of the finest."

— Jonathan Clements , author of The Little Book of Main Street Money

"No one knows more about investing than Charley Ellis and Burt Malkiel , and no one has written a better investment guide. These are the best basic rules of investing by two of the world's greatest financial thinkers."

—  Consuelo Mack , Anchor and Managing Editor , Consuelo Mack WealthTrack

The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated an there is no obligation to update any such information.

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The Elements of Investing: Easy Lessons for Every Investor – Burton G. Malkiel & Charles D. Ellis

the elements of investing book cover

Introduction

The Elements of Investing is obviously about investing. This is the updated version in 2013. The first edition was published in 2010. The authors aim to provide individual investors the basic principles for a lifetime of success in saving and investing.

Burton G. Malkiel is an American economist and writer. He is the Chemical Bank Emeritus Chairman’s Professor of Economics at Princetown University. He has served several roles related to his expertise in government, universities and major corporations.

Charles D. Ellis is a consultant to large public and private institutional investors. He is the founder of Greenwich Associates, an international business strategy consulting firm. He has served as a board member, chair of committees, director and trustee of several different organizations. Mr Ellis is also a prolific author, with 17 books under his belt.

The Elements of Investing has an introduction, 6 chapters, and a summary chapter. There is a preface for this second edition by George U. “Gus” Sauter, ex-Chief Investment Officer (CIO) of Vanguard and foreword of the first edition by David F. Swensen, CIO of Yale University.

Chapter 1 is Save. This chapter is about the preliminary step before we can start to invest.

Chapter 2 is Index. The authors introduce the concept of indexing here and explains why they think it is the best investment strategy.

Chapter 3 is Diversify. The importance of diversification is discussed in this chapter.

Chapter 4 is Avoid Blunders. The authors explains the mistakes that people normally do in investing and how to prevent them.

Chapter 5 is Keep It Simple. This chapter is mostly about asset allocation.

Chapter 6 is Timeless Lessons for Troubled Times. This is the new chapter in this edition.

There is an appendix on saving taxes legally but the lessons are not applicable in Malaysia.

The Elements of Investing teaches us the lessons to achieve a comfortable and secure retirement.

The first step is to save. The book provides practical ways to increase our savings. Furthermore, the authors advise us to never incur credit card debt as it is destructive to our finances if it is not managed properly. However, the main purpose of saving is to empower us to keep our promises, not about making sacrifices.

Before spending our money, the authors advise us to think about the opportunity cost. Think of every cent we spend as the amount it could grow into when we retire. Thus, it is better to spend on what is necessary and forgo the unimportant stuffs. Minimize tax legally is also a way to save and invest.

Quoting the authors: “If you need further discipline, remember that some say the only thing worse than dying is to outlive the money you have set aside for retirement.”

The best strategy of investing in the authors’ opinion is indexing. There is no need to beat the market. Do not chase for hot performance as this represents a costly and self-defeating exercise. On the other hand, the time to buy is when the stocks are on sale. In short, the authors are against market timing. Volatility can enhance returns for the disciplined long-term investor who is saving regularly. However, the volatility might also cause investors to refrain from buying equities regularly. Thus, to have success in investing, do not let volatility affects our plan.

They recommend rebalancing our portfolios once per year. During rebalancing, we could probably ignore small changes (+/-10%).

In conclusion, the four elements of investing are summarized as diversification, rebalancing, dollar-cost averaging and indexing. The secrets to success in investing is the same as in so many human endeavours: patience, persistence, and minimizing mistakes. Thus, when we are able to practice these elements consistently, we should be able to profit in our investment journey.

  • Money makes money. And the money that money makes, makes money.
  • Luck in picking the right time to invest is all well and good, but time is much more important than timing.
  • The lower the stock prices go, the better the bargains if you are truly a long-term investor.
  • The only way to get rich – unless you inherit or marry a fortune or hit the lottery – is to get rich slowly.
  • The secret to success and enjoyment in so many parts of life is to know your capabilities and stay within them.

3 out of 3 stars

Interested in The Elements of Investing?

You may get the book from Kinokuniya Malaysia through the link below*.

Get the book here

*Disclosure: The above link is Involve Asia affiliate link. Thus, I may earn a small commission when you purchase the book through this link.

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  3. Financial Book Review: The Elements of Investing

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  4. The Elements of Investing: Easy Lessons for Every Investor by Burton G

    elements of investing book review

  5. The Elements of Investing, First Edition

    elements of investing book review

  6. The Elements of Investing by Charles D Ellis · OverDrive: ebooks

    elements of investing book review

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COMMENTS

  1. The Elements of Investing by Burton G. Malkiel

    The Elements of Investing hacks away at all the overtrading and over thinking so predominant in the hyperactive thought patterns of the average investor. Malkiel and Ellis offer investors a set of simple but powerful thoughts on how to challenge Mr. Market at his own game, and win by not losing. All the need-to-know rules and investment ...

  2. The Elements of Investing: Easy Lessons for Every Investor

    An updated look at best rules of investing provided by two of the world's greatest financial thinkers. In the updated edition of The Elements of Investing, authors Charles Ellis and Burton Malkiel'two of the world's greatest financial thinkers'have again combined their talents to produce a straight-talking book about investing and saving. Written with every investor in mind, this reliable ...

  3. Amazon.com: Customer reviews: The Elements of Investing

    The authors' do say that the book will help 90% of all investors, with the remaining 10% of investors seeking professional help with complicated situations. All around very good book and a quick read. Its good for those relatively new to investing because they give personal finance advice also, and the book is also good for experienced ...

  4. The Elements of Investing: Easy Lessons for Every Investor

    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.

  5. The Elements of Investing; Burton Malkiel

    Malkiel and Ellis aim to remove all the jargon and bullshit the financial industry throws at you, and distil investing down into its most basic and easy to understand form. The big take home - you win by not losing, and not losing means not playing the losers game (stock picking). The book is broken down into five key principles or chapters.

  6. The Elements of Investing: Easy Lessons for Every Investor

    Divided into six essential elements of investing, this concise book will teach you how to: ... Review of Basic Rules 72. Asset Allocation 79. Asset Allocation Ranges 81. Investing in Retirement 85. Getting Specific 86. VI. Timeless Lessons for Troubled Times 95. Volatility and Dollar-Cost Averaging 97.

  7. The Elements of Investing : Easy Lessons for Every Investor

    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 ...

  8. The Elements of Investing : Easy Lessons for Every Investor

    An updated look at best rules of investing provided by two of the world's greatest financial thinkers. In the updated edition of The Elements of Investing, authors Charles Ellis and Burton Malkiel—two of the world's greatest financial thinkers—have again combined their talents to produce a straight-talking book about investing and saving. Written with every investor in mind, this reliable ...

  9. Review: The Elements of Investing

    The Elements of Investing (Wiley) packs a lot of wisdom into its 130 little pages. It begins by explaining some cardinal rules of investing (the time value of money, the Rule of 72) and imparting some commonsense advice about reducing debt and saving more money. Then it lays out the case that Malkiel and Ellis have been arguing for decades ...

  10. The Elements of Investing

    A timeless, easy-to-read guide on life-long investment principles that can help any investor succeed The Elements of Investing has a single-minded goal: to teach the principles of investing in the same pared-to-bone manner that Professor William Strunk Jr. once taught composition to students at Harvard, using his classic little book, The Elements of Style. With great daring, Ellis and Malkiel ...

  11. Book Review: The Elements of Investing by Burton G. Malkiel ...

    Malkiel is also a professor of economics at Princeton University. Charles Ellis is a director at the Vanguard Group. He has taught investing at Harvard and Yale and is the author of the bestselling book Winning the Loser's Game. The two men have teamed up and written a book titled The Elements of Investing. The book is a very quick read.

  12. The Elements of Investing: Easy Lessons for Every Investor

    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.

  13. Book Review: The Elements of Investing

    They have combined forces to boil Book Review: The Elements of Investing is brought to you by Canadian Capitalist -- Helping you to invest & prosper. Go to Main Content. Menu. Search Site.

  14. The Elements of Investing: Easy Lessons for Every Investor, 10th

    Seize control of your financial future with rock-solid advice from two of the worlds 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. Its time to return to the ...

  15. Book Review: The Elements of Investing

    Book Review: The Elements of Investing. Sep. 23, 2010 1:44 PM ET. David Merkel, CFA. 4.67K Followers. Follow. This is a basic book. A very, very basic book. ... and then read The Elements of ...

  16. The Elements of Investing: Easy Lessons for Every Investor, Updated

    In the updated edition of The Elements of Investing, authors Charles Ellis and Burton Malkiel—two of the world's greatest financial thinkers—have again combined their talents to produce a straight-talking book about investing and saving.Written with every investor in mind, this reliable resource will put you on a path towards a lifetime of financial success.

  17. The Elements of Investing: Easy Lessons for Every Investor

    2012. Full Name. The Elements of Investing: Easy Lessons for Every Investor. A winner's approach to investing, The Elements of Investing is a reliable title that will direct you on a path towards financial success. Respectable financial thinkers Charles Ellis and Burton Malkiel have yet again combined their expertise to produce a book about ...

  18. The Elements of Investing

    Praise for The Elements Of Investing"These noted authors have distilled all you need to know about investing into a very small package. The best time to read this book is when you turn eighteen (or maybe thirteen) and every year thereafter."—Harry Markowitz, Nobel...

  19. The Elements of Investing: Easy Lessons for Every Investor

    The Elements of Investing is obviously about investing. This is the updated version in 2013. The first edition was published in 2010. The authors aim to provide individual investors the basic principles for a lifetime of success in saving and investing. Authors. Burton G. Malkiel is an American economist and writer.

  20. The Elements of Investing Hardcover

    A timeless, easy-to-read guide on life-long investment principles that can help any investor succeed. The Elements of Investing has a single-minded goal: to teach the principles of investing in the same pared-to-bone manner that Professor William Strunk Jr. once taught composition to students at Harvard, using his classic little book, The Elements of Style.

  21. Book Review: The Elements of Investing : r/investing

    Go to investing r/investing. r/investing. Members Online • gst . Book Review: The Elements of Investing . alephblog.com Open. Archived post. New comments cannot be posted and votes cannot be cast. Locked post. New comments cannot be posted. Share Sort by: Best. Open comment sort options ...

  22. The Elements of Investing: Easy Lessons for Every Investor

    Find helpful customer reviews and review ratings for The Elements of Investing: Easy Lessons for Every Investor at Amazon.com. Read honest and unbiased product reviews from our users.