Debunkery

Learn It, Do It, and Profit from It -- Seeing Through Wall Street's Money-Killing Myths
1. Auflage 2010
ISBN: 978-0-470-28535-0
Verlag: WILEY

Buch, Englisch, 256 Seiten, Format (B × H): 163 mm x 236 mm, Gewicht: 448 g

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.

Autoren/Hrsg.

Fisher, Kenneth L

Hoffmans, Lara W.

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftswissenschaften Literatur für Manager
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Börse, Rohstoffe

Inhaltsverzeichnis

Acknowledgments.

Introduction: Debunkery Made Easy.

PART 1 Basic Bunk to Make You Broke.

Bunk 1 Bonds Are Safer Than Stocks.

Bunk 2 Well-Rested Investors Are Better Investors.

Bunk 3 Retirees Must Be Conservative.

Bunk 4 Age Equals Asset Allocation.

Bunk 5 You Should Expect Average Returns.

Bunk 6 "Capital Preservation and Growth" Is Possible!

Bunk 7 Trust Your Gut.

Bunk 8 One Big Bear and You're Done.

Bunk 9 Make Sure It's a Bull Before Diving In.

Bunk 10 Growth Is Best for All Time. No, Value. No, Small Caps.

Bunk 11 A Good Con Artist Is Hard to Spot.

PART 2 Wall Street "Wisdom".

Bunk 12 Stop-Losses Stop Losses!

Bunk 13 Covered Calls.Gotcha Covered.

Bunk 14 Dollar Cost Averaging--Lower Risk, Better Returns.

Bunk 15 Variable Annuities Are All Upside, No Downside.

Bunk 16 Equity-Indexed Annuities--Better Than Normal Annuities.

Bunk 17 Passive Investing Is Easy.

Bunk 18 Do Better With Mutual Funds by Sending Your Spouse on a Shopping Spree.

Bunk 19 Beta Measures Risk.

Bunk 20 Equity Risk Premiums--Forecasting Future Returns With Ease.

Bunk 21 When the VIX Is High, It's Time to Buy.

Bunk 22 Be Confident on Consumer Confidence.

Bunk 23 All Hail the Mighty Dow!

PART 3 "Everyone Knows".

Bunk 24 So Goes January.

Bunk 25 Sell in May.

Bunk 26 Low P / Es Mean Low Risk.

Bunk 27 A Strong Dollar Is Super.

Bunk 28 Don't Fight the Fed.

Bunk 29 Interest Pays Dividends.

Bunk 30 Buy a 5% CD for 5% Cash Flow--Easy!

Bunk 31 Baby Boomers Retire, World Ends, Etc.

Bunk 32 Concentrate to Build Wealth.

PART 4 History Lessons.

Bunk 33 Pray for Budget Surpluses.

Bunk 34 High Unemployment Is a Killer.

Bunk 35 With Gold, You're Golden.

Bunk 36 Stocks Love Lower Taxes.

Bunk 37 Oil and Stocks Seesaw.

Bunk 38 Swine Flu, SARS, Ebola, and Other Viral Disasters Make Markets Sick.

Bunk 39 Consumers Are King.

Bunk 40 Presidential Term Cycles Are Stock Market Voodoo.

Bunk 41 My Political Party Is Best for Stocks.

Bunk 42 Stock Returns Are Too High and Must Fall.

PART 5 It's a Great Big World!

Bunk 43 Foreign Stocks Just Feel So.Foreign.

Bunk 44 Who Needs Foreign?

Bunk 45 Big Debt Is National Death.

Bunk 46 America Can't Handle Its Debt.

Bunk 47 Indebted to China.

Bunk 48 Trade Deficits Make Deficient Markets.

Bunk 49 GDP Makes Stocks Grow.

Bunk 50 Terrorism Terrorizes Stocks.

Notes.

About the Authors.

Index.

Über Autor(innen)

KEN FISHER is best known for his prestigious "Portfolio Strategy" column in Forbes magazine, where his over 25-year tenure of high-profile calls makes him the fourth longest-running columnist in Forbes's 90-plus year history. He is the founder, Chairman, and CEO of Fisher Investments, an independent global money management firm with over $32 billion under management (as of 6/30/10). Fisher is ranked #289 on the 2009 Forbes 400 list of richest Americans, and #721 on the 2010 Forbes Global Billionaire list. In 2010, Investment Advisor magazine named him as one of the 30 most influential individuals of the last three decades. Fisher has authored numerous professional and scholarly articles, including the award-winning article, "Cognitive Biases in Market Forecasting," and has published six previous books, including the New York Times and the Wall Street Journal bestsellers, The Only Three Questions That Count, The Ten Roads to Riches, and How to Smell a Rat, all of which are published by Wiley. Fisher has been published, interviewed, and/or written about in many major American, British, and German finance or business periodicals. He has a weekly column in Focus Money, Germany's leading weekly finance and business magazine.

LARA HOFFMANS is a content manager at Fisher Investments, a contributing editor of MarketMinder.com, and coauthor of the bestsellers, The Only Three Questions That Count, The Ten Roads to Riches, and How to Smell a Rat.