Debunkery : learn it, do it, and profit from it-- seeing through Wall Street's money-killing myths

Select an Action

Title:

Debunkery : learn it, do it, and profit from it-- seeing through Wall Street's money-killing myths

Author:

Fisher, Kenneth L.

ISBN:

9780470285350

Publication Information:

Hoboken, N.J. : John Wiley & Sons, c2011.

Physical Description:

xxi, 234 p. : ill. ; 24 cm.

Series:

Fisher investment series.

Contents:

Basic bunk to make you broke -- Wall Street "wisdom" -- "Everyone knows" -- History lessons -- It's a great big world!

Subject Term:

Investments.

Investments -- Decision making.

Portfolio management.

Finance, Personal.

Added Author:

Hoffmans, Lara.

Summary:

Money manager Ken Fisher highlights the most common money mistakes people make and reveals how to avoid them. In several short, accessible chapters, he discusses each myth/mistake, proves why it's actually costly or not a good idea, and then suggests a better strategy. The goal here is to go beyond simply telling you what to do, by giving you a strong understanding of the logic behind the advice and helping you more readily absorb it into your everyday thinking.--From publisher description.

Holds:

Available:*

Library	Call Number	Status
Searching... Hardwood Creek Library (Forest Lake)	332.6 FIS	Searching... Unknown

Bound With These Titles

On Order

Summary

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 costly bunk.

In Debunkery: Learn It, Do It, and Profit From It--Seeing Through Wall Street's Money-Killing Myths , Ken Fisher--named one of the 30 most influential individuals of the last three decades by Investment Advisor magazine--details why so many investors fail to get the long-term results they desire. The short answer is many investors fail to question if what they believe is true--and are therefore blinded by tradition, biases, ideology, or any number of cognitive errors.

Your goal as an investor shouldn't be to be error-free--that's impossible. Rather, to be more successful, you should aim to lower your error rate. Debunkery gets you started by debunking 50 common myths--but that's just the beginning. It also gives you the tools you need to continue to do your own debunkery for the rest of your investing career.

Author Notes

Ken Fisher was born November 29, 1950 in San Francisco, California.

Fisher is best known for his prestigious Portfolio Strategy column in Forbes magazine, where his twenty-five-year tenure of high-profile calls makes him the fourth longest-running columnist in Forbes 90-plus-year history.

Ken is the founder, Chairman, and CEO of Fisher Investments, an independent global money management firm. He is on Investment Advisor magazine's prestigious IA-25 list of the industry's most influential people; is the award-winning author of numerous scholarly articles; and has published books, including the New York Times bestsellers The Only Three Questions That Count, The Ten Roads to Riches and Beat the Crowd: How You Can Out-Invest the Herd by Thinking Differently - all of which are published by Wiley.

Fisher has been published, interviewed, and/or appeared in most major American, British, and German finance or business periodicals. He has a weekly column in Focus Money, Germany's leading weekly finance magazine.

(Bowker Author Biography)

Acknowledgments	p. ix
Introduction: Debunkery Made Easy	p. xiii
Part 1 Basic Bunk to Make You Broke	p. 1
Bunk 1 Bonds Are Safer Than Stocks	p. 5
Bunk 2 Well-Rested Investors Are Better Investors	p. 9
Bunk 3 Retirees Must Be Conservative	p. 13
Bunk 4 Age Equals Asset Allocation	p. 17
Bunk 5 You Should Expect Average Returns	p. 20
Bunk 6 "Capital Preservation and Growth" Is Possible!	p. 23
Bunk 7 Trust Your Gut	p. 26
Bunk 8 One Big Bear and You're Done	p. 30
Bunk 9 Make Sure It's a Bull Before Diving In	p. 34
Bunk 10 Growth Is Best for All Time. No, Value, No, Small Caps	p. 39
Bunk 11 A Good Con Artist Is Hard to Spot	p. 44
Part 2 Wall Street "Wisdom"	p. 49
Bunk 12 Stop-Losses Stop Losses!	p. 51
Bunk 13 Covered Calls...Gotcha Covered	p. 54
Bunk 14 Dollar Cost Averaging-Lower Risk, Better Returns	p. 57
Bunk 15 Variable Annuities Are All Upside, No Downside	p. 60
Bunk 16 Equity-Indexed Annuities-Better Than Normal Annuities	p. 65
Bunk 17 Passive Investing Is Easy	p. 68
Bunk 18 Do Better With Mutual Funds by Sending Your Spouse on a Shopping Spree	p. 72
Bunk 19 Beta Measures Risk	p. 75
Bunk 20 Equity Risk Premiums-Forecasting Future Returns With Ease	p. 80
Bunk 21 When the VIX Is High, It's Time to Buy	p. 84
Bunk 22 Be Confident on Consumer Confidence	p. 88
Bunk 23 All Hail the Mighty Dow!	p. 92
Part 3 "Everyone Knows"	p. 99
Bunk 24 So Goes January	p. 101
Bunk 25 Sell in May	p. 104
Bunk 26 Low P/Es Mean Low Risk	p. 107
Bunk 27 A Strong Dollar Is Super	p. 112
Bunk 28 Don't Fight the Fed	p. 116
Bunk 29 Interest Pays Dividends	p. 120
Bunk 30 Buy a 5% CD for 5% Cash Flow-Easy!	p. 123
Bunk 31 Baby Boomers Retire, World Ends, Etc.	p. 126
Bunk 32 Concentrate to Build Wealth	p. 130
Part 4 History Lessons	p. 135
Bunk 33 Pray for Budget Surpluses	p. 137
Bunk 34 High Unemployment Is a Killer	p. 143
Bunk 35 With God, You're Golden	p. 148
Bunk 36 Stocks Love Lower Taxes	p. 152
Bunk 37 Oil and Stocks Seesaw	p. 158
Bunk 38 Swine Flu, SARS, Ebola, and Other Viral Disasters Make Markets Sick	p. 163
Bunk 39 Consumers are King	p. 167
Bunk 40 Presidential Term Cycles Are Stock Market Voodoo	p. 172
Bunk 41 My Political Party Is Best for Stocks	p. 178
Bunk 42 Stock Returns Are Too High and Must Fall	p. 182
Part 5 It's a Great Big World!	p. 187
Bunk 43 Foreign Stocks Just Feel So...Foreign	p. 189
Bunk 44 Who Needs Foreign?	p. 192
Bunk 45 Big Debt Is National Death	p. 195
Bunk 46 America Can't Handle Its Debt	p. 199
Bunk 47 Indebted to China	p. 202
Bunk 48 Trade Deficits Make Deficient Markets	p. 206
Bunk 49 GDP Makes Stocks Grow	p. 211
Bunk 50 Terrorism Terrorizes Stocks	p. 215
Notes	p. 219
About the Authors	p. 228
Index	p. 229

Available:*

Bound With These Titles

On Order

Summary

Summary

Author Notes

Table of Contents

Helpful Links

Research Links

Contact

Events and Rooms

Follow Us

Today's Hours