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The Elements of Investing: Easy Lessons for Every Investor Hardcover – January 22, 2013

90 customer reviews

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The Elements of Investing: Easy Lessons for Every Investor + The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns + The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) (Collins Business Essentials)
Price for all three: $45.20

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Editorial Reviews

From the Inside Flap

Since the original edition of The Elements of Investing was published over three years ago, investors have faced difficult economic times along with unprecedented market volatility. It's not surprising that many investors simply abandoned the stock market. It seemed to be too risky a place for retirement savings, and the situation was too unnerving for most to handle. Moreover, some professionals started to announce the death of "buy and hold" and "diversification" strategies.

Burton Malkiel and Charles Ellis, two of the investment world's greatest thinkers, understand how you could get thoroughly confused by today's markets and the often-conflicting advice that comes with it. That's why they've returned with an Updated Edition of The Elements of Investing. While staying true to the original edition—and discussing the timeless investing and saving lessons that will put you on a path towards a lifetime of financial success—this book also contains fresh insights found in an additional chapter on rebalancing, which focuses on important issues such as fine-tuning your bond diversification strategy to reflect the realities of today's markets.

Written with every investor in mind, this short, straight-talking book skillfully offers a set of simple, yet powerful thoughts on how to avoid Mr. Market and his "loser's game," and instead enjoy the "winner's game" approach to investing. All the investment rules and principles you need to know are here—with clear advice on how to follow them.

Divided into six essential elements of investing, this little book packs a big message that can help secure your financial future all the way through retirement. Malkiel and Ellis touch on a variety of topics, from focusing on the long term instead of following market fluctuations to using employer-sponsored plans to supercharge your savings and minimize taxes. Along the way, they also address the best friends of any investor: diversification, rebalancing, dollar-cost averaging, and indexing.

The timeless lessons presented in this book are even more relevant in today's volatile markets. If you take the time to learn them, you will be able to take control of your financial future.

From the Back Cover

Praise for

THE ELEMENTS OF INVESTING

"These noted authors have distilled all you need to know about investing into a very small package. The best time to read this book is when you turn eighteen (or maybe thirteen) and every year thereafter."

—Harry Markowitz, Nobel Laureate in Economics 1990

"Struggling to find money to save? Befuddled by the bewildering array of investment choices? As you venture into the financial markets for the first time, it's helpful to have a trusted guide—and, in Charley Ellis and Burt Malkiel, you have two of the finest."

—Jonathan Clements, author of The Little Book of Main Street Money

"No one knows more about investing than Charley Ellis and Burt Malkiel, and no one has written a better investment guide. These are the best basic rules of investing by two of the world's greatest financial thinkers."

—Consuelo Mack, Anchor and Managing Editor, Consuelo Mack WealthTrack

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Product Details

  • Hardcover: 208 pages
  • Publisher: Wiley; Updated Edition edition (January 22, 2013)
  • Language: English
  • ISBN-10: 1118484878
  • ISBN-13: 978-1118484876
  • Product Dimensions: 5.3 x 0.8 x 7.3 inches
  • Shipping Weight: 8.8 ounces (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (90 customer reviews)
  • Amazon Best Sellers Rank: #15,551 in Books (See Top 100 in Books)

More About the Author

Burton G. Malkiel is the Chemical Bank Chairman's Professor of Economics at Princeton University. His books include "From Wall Street to the Great Wall," "Naked Economics," "The Random Walk Guide to Investing," and the mega-bestseller "A Random Walk Down Wall Street."



Customer Reviews

Most Helpful Customer Reviews

36 of 37 people found the following review helpful By T. W. Badura on February 15, 2013
Format: Hardcover Verified Purchase
Of all the investment books I've read in the past few months, this one is the best. It has the most practical advice, distilled into plain English, that anyone can understand. Thanks Burt and Charley for a wonderful book, and the updated edition is terrific. The newbie investor would benefit the most from reading this book, but I am recommending this book to everyone. As I told a colleague at work, if you can only read one book on investing, this is the one to read. I will also go back every couple of years and re-read this book. The information and advice is timeless.
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22 of 24 people found the following review helpful By Stephen on December 15, 2013
Format: Hardcover Verified Purchase
This is the most straightforward and most common sense investing book I have ever read. Read the book, follow its principles and you will obtain financial independence. Low cost passive Index mutual funds or ETF's Index funds are the only way to match the markets percentage returns year after year. No one can beat the markets performance year after year after using active investing - stock picking, not even the professionals. So why not just let the market do it for you. What a novel concept!!

I purchased both the book in hardback and the Audible.com version. I am giving this book and "The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair of Stock Market Returns" by John C. Bogle to my college age son for Christmas 2013.

Read these investment books, follow their investment guidelines and fundamental principles and your net worth is almost guaranteed to grow. Keep in mind the power of compounding and reinvesting - a 15% on your investments will double your initial investment in 4.8 years. That is based on the rule of 72!

Buy this book and simplify your investing and out perform a significant majority of investors year after year while watching your investments grow faster than your earnings employment capacity!
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10 of 10 people found the following review helpful By Rob Art on August 27, 2013
Format: Kindle Edition Verified Purchase
It should be mandatory that everyone who makes money reads this book. I can't recommend it enough!

It is great for any level of knowledge regarding savings and investing. Beginners will learn everything they need to understand the concept of saving and investing to generate returns, and experts will be reminded of the basics of why saving and investing in the stock market is something they got in to (and maybe even pick something new up in the process).

If you will only read one book on investing and saving, please let it be this one.
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15 of 17 people found the following review helpful By M. Thomas on March 29, 2014
Format: Hardcover Verified Purchase
I always have 2 copies of this book on hand and give a copy to anyone who asks me about investing. If I was to dedicate my life to a higher cause I'd put a copy of this book in the nightstand of every hotel room.

Why? This is easiest way to explain the efficient market and what to do about it. It is 95% of the personal value I got from 2 degrees in finance in one very small, very easily read book. (There's a lot of professional value to a finance education, but for managing your own money this book isthe first and best place to go). If you want the long version of this book read either of the author's other books, well worth the time.

The authors are academics, and the methods they teach are proven by multitudes of real research. The theory has been attacked by thousands more but it still holds up.

I have nothing personally to gain by this review, but please do yourself the favor of reading this book and following what it teaches you'll be happy that you did.
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16 of 18 people found the following review helpful By rarely complain on April 8, 2013
Format: Hardcover Verified Purchase
It's so compelling, easy-to-read, and confirming/reaffirming (what others—Swedroe, Ferri, Bogle, Solin, Larimore, Stein—espouse) that I delayed using a highlighter for salient points until my second reading.
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10 of 11 people found the following review helpful By Richard Frank on March 24, 2013
Format: Kindle Edition Verified Purchase
succinct and wise description of basic investing wisdom that I wish I had ready many years ago. Well written and useful for novices and older investors too. what is sensible rather than what the industry wants to sell.
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6 of 6 people found the following review helpful By James F. Herndon on July 9, 2013
Format: Hardcover Verified Purchase
"Elements...." is a well-written, easy to follow guide to investing. I enjoyed reading it, will (or already have) follow
its recommendations, and pass it on to my spouse (who knows little about investing). Much of "Elements" restates what Prof. Malkiel has written about at greater length in his "Random Walk...." I found that aspect to be a helpful review of what I thought (not always correctly) I already knew. I recommend the book to anyone beginning to think about investing or anyone who might thnik of him- or herself as an intermediate investor.
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5 of 5 people found the following review helpful By Valerie B. Lull on July 11, 2013
Format: Hardcover
"The Elements of Investing" is a good little book. I like the size of it, it fits right in your hands. It also contains easy lessons in investing. Being a bit of a beginner at the science of investing, I found this book really helpful. It is written in an "easy to understand" way for beginners like me. With all the information out there on the market, it is easy to get confused, with each investment guru proposing their own strategy.

The book starts with saving and tells us to start early. It advocates taking advantage of your employers 401K where the company matches the funds you put in. Not using your 401K benefits is like refusing money. You also have to consider your emotional ability to hold firm when the market is down. The authors suggest that indexed funds are the best and to diversify the holdings in your portfolio. Timing is important and keeping everything simple is helpful. They also talk about fine-tuning your strategy.

I usually find books on investing boring and full of stuff I don't understand. This book was different. I understood what they were talking about and I plan to follow their advice. -- Valerie Lull, Author, Ten Healtlhy Teas
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