Want to become a better investor? Send your spouse on a shopping spree! It's no joke—this book shows you why.
Far too many investors fail to get the results they want because they make some pretty common mistakes. The problem is, the errors don't seem like mistakes—they seem like smart, intuitive, and/or widely recognized investing ""wisdom."" But much of what’s accepted as investing ""wisdom"" is, instead, bunk. How can investors tell bunk from reality?
Debunkery: Learn It, Do It, and Profit From It—Seeing Through Wall Street's Money-Killing Myths from legendary money manager, longtime Forbes columnist, and best-selling author Ken Fisher shows you how to avoid the costly errors many investors make when they rely upon ""common sense"" thinking, intuition, gut instinct, or clichés—by using debunkery! Debunkery isn’t difficult—it just requires the willingness to flip common investing ""wisdom"" on its head. Once readers learn to do that, they can begin seeing the investing world more clearly and stop falling prey to costly bunk.
Fisher demonstrates debunkery on 50 of Wall Street’s widely accepted ""truths,"" and details in an easily accessible (and always entertaining) way why:
In investing, there are no simple rules that say, ""always sell on this one condition, and buy on that one,"" that work consistently and repeatedly. If only investing were that easy!
Debunkery shows you why many Wall Street ""truths"" are, in reality, money-killing myths and walks you through ways you can begin improving your error rate right away. Debunkery debunks 50 common myths, but also gives you the tools to continue engaging in debunkery for the rest of your investing career.
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“It’s about time someone drove a stake into the folklore that permeates Wall Street, and Mr. Fisher does it in convincing—and often entertaining—fashion.”
— Globe and Mail (Toronto)
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Ken Fisher is best known for his prestigious “Portfolio Strategy” column in Forbes magazine, the fourth longest-running columnist in Forbes’ ninety-plus-year history. He is also founder, chairman, and CEO of Fisher Investments, an independent global money management firm with over $45 billion in assets. He is the award-winning author of numerous scholarly articles and has published several major finance books, including 2006’s New York Times bestseller The Only Three Questions That Count. He has a weekly column in Handelsblatt, Germany’s leading finance daily.