O'Reilly logo

Winning the Loser’s Game, 6th edition: Timeless Strategies for Successful Investing by Charles Ellis

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 4MR. MARKET AND MR. VALUE

THE STOCK MARKET IS FASCINATING AND QUITE DECEPTIVE—in the short run. Over the very long run the market can be almost boringly reliable and predictable.

Understanding the personalities of two very different characters is vital to a realistic understanding of the stock market and of yourself as an investor. These very different characters are “Mr. Market” and “Mr. Value.”

Mr. Market gets all the attention because he’s so interesting, while poor old Mr. Value goes about his important work almost totally ignored by investors. It’s not fair. Mr. Value does all the work while Mr. Market has all the fun and causes all the trouble.

Introduced by Benjamin Graham in his classic book The Intelligent Investor1, Mr. Market ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required