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Do you believe you are, or can be, a successful day trader, buying and selling stocks on a regular basis?
Do you believe that you, or anyone you know, can successfully time the market, going in and out of the market, and consistently make profits?
You can’t, or at least not on any consistent basis over any reasonable period.
That’s the message from the new edition of Charles Ellis’ investment classic, “Winning the Loser’s Game.” First published in 1985, this eighth edition updates the book’s central theses: that passive investing (indexing) outperforms active investing, that investment fees are still too high, and that an…