Debunkery: Learn It, Do It, and Profit from It--Seeing Through Wall Street's Money-Killing Myths
Legendary money manager Ken Fisher outlines the most common--and costly--mistakes investors make.Small cap stocks are best for all time. Bunk!A trade deficit is bad for markets. Bunk!Stocks can't rise on high unemployment. Bunk!Many investors think they are safest following widely accepted Wall Street wisdom--but much of Wall Street wisdom isn't so wise. In fact, it can be...more
Hardcover, 234 pages
Published
October 5th 2010
by John Wiley & Sons
(first published October 4th 2010)
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The everything-you-know-is-wrong book of investing. Kenneth Fisher, veteran of countless investing books and Forbes magazine columns, presents the counter-intuitive world of investing as he sees it. He takes on nonsensical beliefs such as the year’s performance is determinable from January’s performance, that political outcomes or the Superbowl foretell stock market futures or selling in May is a good idea. Fisher easily dismisses these beliefs with statistics not that it takes much to overturn...more
The book can be summarized, and in fact is summarized by the author midway through, with the thought that there is no one perfect measure or indicator -- if there was then everyone would use it to invest. The book consists of chapters of 50 common misconceptions about the stock market or economic statistics, things like better unemployment numbers yields better stock returns, or stock should be sold in May. Most of these are disproved by looking at historic data, at least disproving that the rul...more
I'm rather surprised by the low rating on this book by the other reviewer. Ken Fisher is one of the most successful and well regarded investment managers in the world. He is constantly on the prowl of proof of trends that matter, combinations of indicators that mean something, at least for a relatively short period of time. His description of 50 widely accepted Wall Street "truths" and his factual support for their fallability is excellent, even if the theme is repeated so often. Perhaps the oth...more
Ken Fisher has an excellent book here! I found the 50 “bunks” to be quite helpful. He makes you look at the stock market with new eyes not clouded by public opinion. The book is easy to follow and understand but I feel that it is not meant for a beginner. I think that it would be better if you knew a little something about investing in stocks and some basic facts about the economy before you read this book. However, I may be wrong. Maybe this is one of the first books that you should read so tha...more
Nice little advanced-beginner material on investing and the markets. Broken into 50 small chapters that shows why some common sentiment is either taken out of context or grossly misrepresented. I read it in its entirety and in order, but it certainly does not need to be done that way.
I really liked the idea of this book, and feel the author did a great job with presenting information. Definitely something that should be read by a headline newsreader or a CNBC viewer.
I really liked the idea of this book, and feel the author did a great job with presenting information. Definitely something that should be read by a headline newsreader or a CNBC viewer.
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