According to Charles Ellis' Winning the Loser's Game, the most important decision to be made in when establishing an investment strategy is: Question 11Select one: a. Defining a long-term investment policy that achieves true investment objectives. b. Establishing a system that makes use of market timing to "beat the market" in the long-term. c. Selecting specific stocks or groups of stocks and then trading stocks within those groupings until investment goals are met. d. Using advanced statistical models to select trades and engaging in active trading until investment goals are met. e. Relying on blind luck through the random selection of stocks and industries