Charles D. Ellis Charles D. Ellis, CFA, PhD, is a member of Wealthfront’s investment advisory board, the author of Winning the Loser’s Game and, with Burton Malkiel, The Elements of Investing. 3 min read Risk Matters 5 min read The Significance of 65 5 min read Too Much Liquidity Will Cost You Over the Long Run 5 min read What Role Should Bonds Play in Your Investment Portfolio? 4 min read Missing the Obvious on Fees