The Elements of Investing | 
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| Authors: Burton G. Malkiel, Charles D. Ellis
Publisher: Wiley
Category: Book
List Price: $19.95
Buy New: $11.13
You Save: $8.82 (44%)
New (42) Used (9) from $11.13
Rating:  reviews
Sales Rank: 1686
Media: Hardcover
Pages: 176
Number Of Items: 1
Shipping Weight (lbs): 1.8
Dimensions (in): 7 x 5.1 x 0.9
ISBN: 0470528494
Dewey Decimal Number: 332.6
EAN: 9780470528495
ASIN: 0470528494
Publication Date: December 14, 2009
Availability: Usually ships in 1-2 business days
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| Features:
| • | ISBN13: 9780470528495 | | • | Condition: NEW | | • | Notes: Brand New from Publisher. No Remainder Mark. |
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Product Description
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 imagined their own Little Red Schoolhouse course in investing for every investor around the world-and then penned this book. 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 principles can be found here. - Contains sound investment advice and simple principles of investing from two of the most respected individuals in the investment world
- Burton G. Malkiel is the bestselling author of A Random Walk Down Wall Street and Charles D. Ellis is the bestselling author of Winning the Loser's Game
- Shows how to deal with an investor's own worst enemies: fear and greed
A disciplined approach to investing, complemented by conviction, is all you need to succeed. This timely guide will help you develop these skills and make the most of your time in today's market.
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| Customer Reviews:
 An Important Book on Developing Good Money Habits and the Techniques of Investing December 14, 2009
J. Thomas French (Dallas,TX)
30 out of 32 found this review helpful
I couldn't wait to get my hands on a copy of this groundbreaking, new, investment book from two of most respected marketwatchers around today! Princeton economics professor, Burton G. Malkiel, and influential non-profit chairman, Charles D. Ellis, have put their brains together to come up with one of the most surefire investment strategies out there. The Elements of Investing is intelligently written in a pared-down-to-the-absolute-basics sort of way. It's one of the rare books written in this vein that actually takes the reader's ambitions seriously. It's a pleasure to read, because it is peppered with real life examples of people exhibiting good and bad investment behavior and the twists and turns their lives take as a result.
Right off the bat, Malkiel and Ellis admonish readers to start saving as early as possible and continue saving regularly throughout their lives. Granted, in a runaway consumerist culture like ours, characterized by its easy credit and debt-addicted millions, this task is so often easier said than done. But a prudent, evenhanded approach to spending and saving is possible--and Malkiel and Ellis show you how with smart suggestions that range from the banal, to the downright devious. The real plus to becoming a habitual saver, the authors explain, is that it helps you keep your real priorities in perspective. According to Malkiel and Ellis, your number-one priority, along with that of every other, gainfully employed, taxpaying American, should be to gradually grow your net worth so that your safety net's intact when your finally reach retirement age. Think of saving, they say, as investing in your future self!
Next, Malkiel and Ellis explore some innovative ways to grow your asset pool, focusing specifically on index funds because they are affordable, intelligently managed and because their unique formulations allow for risk to parsed out over a wide, representative swatch of the market. The authors inform readers about various other index products they may not have considered before, including index bonds and international index funds.
Malkiel and Ellis use statistics and compelling anecdotal evidence to reiterate the time-honored benefits of diversification for a new generation of investors. The authors emphasize the singular importance of diversifying across asset classes (stocks, bonds, money market instruments, commodities, etc.), across markets and over time. They explain how having a diversified portfolio gives the savvy investor a leg up as the market undergoes the upsetting process of rebalancing in the wake of a serious stumble like the one which followed the housing bubble burst of last spring.
In a final, bonus section, Malkiel and Ellis offer an insightfully rendered and detailed menu of IRA's and other tax-deferred, savings options available to investors.
The Elements of Investing is a veritable goldmine of investing wisdom backed by two of the most trusted names in the investment industry. Malkiel and Ellis' clear goal is to inspire readers to believe in their basic competency as investors and to chase their dream of financial independence and security!
For those interested in further, reliable reading on the subjects of developing good money habits, investing and personal finance, check out Thomas C. Scott's Fasten Your Financial Seatbelt: What A Fatal Plane Crash Taught Me About Retirement Planning and John E. Girouard's The Ten Truths of Wealth Creation.
Very good book December 20, 2009
W. Strauss (USA)
16 out of 17 found this review helpful
I was looking forward to the authors coming out with a new book to give their investment advice after the 2008 and early 2009 stock market crash. Their fundamentals appears to be the same with the use of broad based index funds, but their stock allocations have shifted to having more money invested globally outside of the United States. You'll have to purchase the book to read their recommendations. Also, they have given their opinion about Vanguard's new Total World index fund and both have given their individual asset allocations based on a person's age with Burton Malkiel's being more conservative and Charles Ellis' being more aggressive. They both also give a list of recommended index funds along with a surprise for us regarding their individual stock picking. It's not what your thinking like day trading. Trust me.
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 investors for their expert advice regarding investing after the 2008/early 2009 stock market crash.
I highly recommend the book.
Everything in this book is right, nothing is wrong. January 29, 2010
Michael Reding (Albuquerque, NM USA)
3 out of 4 found this review helpful
Everything in the book marches out with my experience and research in investing. It is short, simple but not simplistic, and would be a great gift for any older adolescent/young adult with an IQ larger than their belt size.
Lady Serenity February 10, 2010
Mildred F. Ellison (Hoschton, GA United States)
0 out of 1 found this review helpful
Great little book. My husband bought one for himself and one for my sister.
 Great data for long-term investing, but what about short to medium-term? January 9, 2010
Pizzle (Morgan Hill, CA)
7 out of 10 found this review helpful
This is a book that will probably change my investment life -- LONG TERM. The index fund strategy is hard to argue, with its low cost, simple approach.
However, I was very disappointed that it failed to address mid and short-term investments. Following their strategies in the near and mid-term (i.e. 1-10 years), would be financial suicide (way too much risk).
Regardless, it's a must-read book for anyone. It angers my ego that I have very little chance of beating broad market indices, but the rational side of my brain will win the battle.
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