Winning the Loser's Game: Timeless Strategies for Successful Investing, Eighth Edition Hardcover – May 13, 2021

"Winning the Loser's Game" by Charles Ellis delivers timeless strategies for successful investing. The book provides insights and advice on investing and emphasizes the use of indexes and modern portfolio theory to achieve financial goals. The book also talks about why active trading is bad and why asset allocation is essential. The book may not be very useful for those who already believe in indexing and have designed their portfolio, as it lacks specific information on portfolio design, such as discussing percent international, REITs, etc. Additionally, Charles Ellis is vague about portfolio withdrawal rates, saying maybe 4% or 5%. Overall, "Winning the Loser's Game" is a must-read for long-term investors who want to remind themselves of why they invest long term and avoid day trading.