RT Journal Article
SR Electronic
T1 The Winner's Game
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 27
OP 34
DO 10.3905/jpm.2003.319881
VO 29
IS 3
A1 Charles D. Ellis
YR 2003
UL https://pm-research.com/content/29/3/27.abstract
AB While lots of attention gets paid to avoiding the loser's game of high-turnover stock-picking and market timing, all too many investors—and all too many investment professionals—spend all too little time on the winner's game of developing and adhering to the long-term investment policies most likely to achieve the real and specific needs of each investor. Sound investment counseling, made widely available, could save most investors from unnecessary disappointment and could provide professional success and personal satisfaction to investment managers.