In the book, you'll also find eye-opening discussions of:
Whether bonds are an appropriate investment vehicle for long-term investorsThe costs of excessive liquidity in the typical portfolioThe characteristics of successful investment firms, and how to spot them
A can't-miss resource for the everyday retail investor, author Charles Ellis draws on a lifetime of distinguished client service in the financial markets to reward readers with common-sense and accessible advice that deserves to be followed by anyone with an interest in maximizing their investment returns over the long haul.