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Debunkery

Debunkery

Written by Ken Fisher

Narrated by John Morgan


Debunkery

Written by Ken Fisher

Narrated by John Morgan

ratings:
4.5/5 (19 ratings)
Length:
7 hours
Publisher:
Released:
Nov 2, 2010
ISBN:
9780061672576
Format:
Audiobook

Description

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:

  • Stop-losses could be renamed stop-gains.
  • High unemployment isn't bad for stocks.
  • Massive trade deficits can be great for stocks.
  • Stocks don't care if the US dollar is strong or weak.
  • Most retirees have a long, long time to invest.
  • You should never listen to your "gut" when it comes to investing.
  • You are almost certainly too terrified of government debt.
  • Consumer confidence doesn't matter.
  • Sending your spouse on a shopping spree could get you better long-term investing results.

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.

Publisher:
Released:
Nov 2, 2010
ISBN:
9780061672576
Format:
Audiobook

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What people think about Debunkery

4.6
19 ratings / 4 Reviews
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Reader reviews

  • (4/5)
    I love Ken Fisher- People blame that he is a great marketer and that his performance is not as good. But I disagree.
    He knows how to invest. He is able to take larger positions and hold on longer. And that is how he has higher returns. This book basically explains that there is lot of complexity and greyness in the markets so do your due diligence. Also, if you are not sure don't buy/sell too quickly and miss out. Don't invest only using one criterion. So don't bet on presidents/month effects and etc- Great insights overall. However, he assumes that most investors can take his advice. Not really...most investors are better off with a market ETF. Another shortcoming is that he downplays traders. There are traders who can swing trade and exploit irrationalities. Of course, they are few but they still do exist. Still overall a great book :D
  • (5/5)
    Truly de-bunked many popular financial “truths” being propagated on the public. Let the investor beware!!!!
  • (4/5)
    There is lots of bite sized pieces of content that can be read and reread in any order. Good food for thought and an excellent contrast to the constant market chatter from the media.
  • (1/5)
    It’s ideologically driven, despite critics on politicians. It would be better to measure not only Political exposed persons but also businesses exposed to those politicians. Would it be an explosive mixture? See Donald Trump for instance:, he is running the whole country as one of its companies.