Sir John Templeton, legendary investor, was famous for saying, "The four
most dangerous words in investing are, 'This time it's different.'" He
knew that though history doesn't repeat, not exactly, history is an
excellent guide for investors.
In Markets Never Forget But People Do: How Your Memory Is Costing You
Money and Why This Time Isn't Different, long-time Forbes columnist,
CEO of Fisher Investments, and 4-time New York Times bestselling author
Ken Fisher shows how and why investors' memories fail them--and how
costly that can be. More important, he shows steps investors can take to
begin reducing errors they repeatedly make. The past is never indicative
of the future, but history can be one powerful guide in shaping forward
looking expectations. Readers can learn how to see the world more
clearly--and learn to make fewer errors--by understanding just a bit of
investing past.