The Winner's Game
指出投资者过度关注避免高换手选股和市场择时的输家游戏，却忽视了制定并坚持长期投资政策这一赢家游戏，这有助于满足投资者真实需求并避免失望。
While lots of attention gets paid to avoiding the loser's game of high-turnover stock-picking and market timing, all too many investors—and all too many investment professionals—spend all too little time on the winner's game of developing and adhering to the long-term investment policies most likely to achieve the real and specific needs of each investor. Sound investment counseling, made widely available, could save most investors from unnecessary disappointment and could provide professional success and personal satisfaction to investment managers.