Financial Thought Leader Charles Ellis has written sixteen books and has traveled the world giving his sage investment advice. His Winning the Loser’s Game is an investment classic. Now he’s written a new investment primer with Princeton economist Burton Malkiel,The Elements of Investing.
What can investment managers learn from military strategists? According to Charles D. Ellis, CFA, quite a lot.
Ellis heard Charlie Munger make the argument that anyone who wants to consider himself an educated person must study different models of thinking. And so, Ellis began to consider how investment managers could learn from strategists in other disciplines, which resulted in his guest editorial in the July/August 2013 Financial Analysts Journal, “Lessons on Grand Strategy.”
Link to audio here.