Rethinking Investing

A short late book from the author of Winning the Loser’s Game, arguing the same case more bluntly: professional investing has become so competitive that beating the market is the wrong objective, costs and taxes are the variables an individual actually controls, and the real work is deciding what the money is for over a horizon measured in decades rather than quarters.

Why it’s on the list: One of the 46 titles on @mastersinvest’s 2025 reading list — not bold, so read but not singled out as very good.

Where I saw it: @mastersinvest’s “2025 Reading … so far” list, August 20, 2025. The full 46-title list is transcribed on 2025 Reading So Far… (tweet).

Connections

• 2025 Reading So Far… (tweet) — the list this came from.
• Index Funds — Ellis has spent fifty years making the case that most investors should own them.
• Compounding — the argument rests on horizon rather than selection.