2min chapter

The Long Term Investor cover image

Charley Ellis on Why Most Investors Fail (And What to Do Instead) (EP.191)

The Long Term Investor

CHAPTER

Understanding the Loser's Game in Tennis and Investing

This chapter explores the concept of the 'loser's game' through a tennis analogy, highlighting how amateurs often succeed by capitalizing on their opponents' mistakes rather than their own skills. The discussion connects this idea to investing, revealing how many investors falter not due to a lack of ability, but because they let the errors of others dictate their strategies.

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