Charlie Ellis's 'Winning the Loser's Game' principle applies to investing: most people win by avoiding losses rather than by making winning picks, similar to tennis where lower-ranked players win by making fewer unforced errors than by hitting winners.
normativepending
Speaker
Dave NaticEvidence Quote
“winning the losers game right... you win by not losing and if you make fewer decisions and take fewer actions you have fewer chances to screw it up”
Source
Why Money Isn't What You Think: Barry Ritholtz on the Meaning of Money and How NOT to Invest It— Excess ReturnsCreated: 8/11/2026, 6:36:26 AM
My Notes
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