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.
