Markets Never Forget (But People Do): How Your Memory is Costing You Money and Why This Time Isn't Different
Written by Ken Fisher and Lara Hoffmans
Narrated by Mel Foster
4.5/5
()
About this audiobook
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.
Ken Fisher
KEN FISHER (Woodside, CA) 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, How to Smell a Rat and Debunkery, 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, How to Smell a Rat, and Debunkery.
More audiobooks from Ken Fisher
Debunkery Rating: 5 out of 5 stars5/5The Ten Roads to Riches Rating: 5 out of 5 stars5/5The Only Three Questions That Count: Investing by Knowing What Others Don't Rating: 5 out of 5 stars5/5The Ten Roads to Riches, Second Edition: The Ways the Wealthy Got There (And How You Can Too!) Rating: 4 out of 5 stars4/5How to Smell a Rat: The Five Signs of Financial Fraud Rating: 4 out of 5 stars4/5
Related to Markets Never Forget (But People Do)
Related audiobooks
Big Mistakes: The Best Investors and Their Worst Investments Rating: 5 out of 5 stars5/5The Little Book of Market Myths: How to Profit by Avoiding the Investing Mistakes Everyone Else Makes Rating: 4 out of 5 stars4/5Adaptive Markets: Financial Evolution at the Speed of Thought Rating: 4 out of 5 stars4/5The Little Book of Sideways Markets: How to Make Money in Markets that Go Nowhere Rating: 4 out of 5 stars4/5Beat the Crowd: How You Can Out-Invest the Herd by Thinking Differently Rating: 4 out of 5 stars4/5The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down Rating: 5 out of 5 stars5/5High Returns From Low Risk: A Remarkable Stock Market Paradox Rating: 4 out of 5 stars4/5The Little Book of Behavioral Investing: How not to be your own worst enemy (Little Book, Big Profits) Rating: 5 out of 5 stars5/5Common Sense: The Investor's Guide to Equality, Opportunity, and Growth Rating: 4 out of 5 stars4/5The Little Book of Stock Market Cycles: How to Take Advantage of Time-Proven Market Patterns Rating: 4 out of 5 stars4/5The Aspirational Investor: Taming the Markets to Achieve Your Life's Goals Rating: 4 out of 5 stars4/5The Anxious Investor: Mastering the Mental Game of Investing Rating: 5 out of 5 stars5/5Where the Money Is: Value Investing in the Digital Age Rating: 4 out of 5 stars4/5Winning the Loser's Game: Timeless Strategies for Successful Investing, Eighth Edition Rating: 4 out of 5 stars4/5The Little Book of Bulletproof Investing: Do's and Don'ts to Protect Your Financial Life Rating: 5 out of 5 stars5/5How an Economy Grows and Why It Crashes: Collector's Edition Rating: 4 out of 5 stars4/5The Great Devaluation: How to Embrace, Prepare, and Profit from the Coming Global Monetary Reset Rating: 5 out of 5 stars5/5The Little Book Of Stock Market Profits: The Best Strategies of All Time Made Even Better Rating: 4 out of 5 stars4/5Boombustology: Spotting Financial Bubbles Before They Burst 2nd Edition Rating: 5 out of 5 stars5/5Diary of a Hedgehog: Biggs' Final Words on the Markets Rating: 1 out of 5 stars1/5The Little Book of Trading: Trend Following Strategy for Big Winnings Rating: 4 out of 5 stars4/5Winning With The Market: Beat the Traders and Brokers in Good Times and Bad Rating: 4 out of 5 stars4/5Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor Rating: 3 out of 5 stars3/5Hedge Fund Market Wizards: How Winning Traders Win Rating: 5 out of 5 stars5/5Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets Rating: 3 out of 5 stars3/5The Permanent Portfolio: Harry Browne's Long-Term Investment Strategy Rating: 4 out of 5 stars4/5Beating the Street: How to Use What You Already Know to Make Money in the Market Rating: 4 out of 5 stars4/5The Little Book of Safe Money Rating: 4 out of 5 stars4/5
Business Development For You
Your Creative Career: Turn Your Passion into a Fulfilling and Financially Rewarding Lifestyle Rating: 4 out of 5 stars4/5The Money Culture Rating: 4 out of 5 stars4/5Stretch: Unlock the Power of Less-and Achieve More Than You Ever Imagined Rating: 4 out of 5 stars4/5Success Mindsets: How Top Entrepreneurs Succeed in Business and Life Rating: 5 out of 5 stars5/5The Advantage: Why Organizational Health Trumps Everything Else In Business Rating: 5 out of 5 stars5/5Good to Great Rating: 5 out of 5 stars5/5The Art of Connection: 7 Relationship-Building Skills Every Leader Needs Now Rating: 5 out of 5 stars5/5The Human Sales Factor: The Human-to-Human Equation for Connecting, Persuading, and Closing the Deal Rating: 5 out of 5 stars5/5Sprint: How to Solve Big Problems and Test New Ideas in Just Five Days Rating: 4 out of 5 stars4/5Built to Last: Successful Habits of Visionary Companies Rating: 4 out of 5 stars4/5The Divide: Global Inequality from Conquest to Free Markets Rating: 4 out of 5 stars4/5Elite Minds: How Winners Think Differently to Create a Competitive Edge and Maximize Success Rating: 5 out of 5 stars5/5Questions that Sell: The Powerful Process for Discovering What Your Customer Really Wants, Second Edition Rating: 4 out of 5 stars4/5The Four Pillars of Investing: Lessons for Building a Winning Portfolio Rating: 5 out of 5 stars5/5How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor Rating: 4 out of 5 stars4/5Simple Rules: How to Thrive in a Complex World Rating: 4 out of 5 stars4/5The Consulting Bible: How to Launch and Grow a Seven-Figure Consulting Business, 2nd Edition Rating: 4 out of 5 stars4/5The Leader Habit: Master the Skills You Need to Lead--in Just Minutes a Day Rating: 4 out of 5 stars4/5Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa Rating: 4 out of 5 stars4/5The Lords of Strategy: The Secret Intellectual History of the New Corporate World Rating: 4 out of 5 stars4/57 Secrets of Persuasion: Leading-Edge Neuromarketing Techniques to Influence Anyone Rating: 5 out of 5 stars5/5How the Mighty Fall Rating: 4 out of 5 stars4/5Think and Grow Rich (1937 Edition): The Original 1937 Unedited Edition Rating: 5 out of 5 stars5/5Flipping the Switch: Unleash the Power of Personal Accountability Using the QBQ! Rating: 4 out of 5 stars4/5Grow Rich! With Peace of Mind Rating: 5 out of 5 stars5/5Conversationally Speaking: Tested New Ways to Increase Your Personal and Social Effectiveness Rating: 4 out of 5 stars4/5Bringing Out the Best in People: How to Apply the Astonishing Power of Positive Reinforcement, Third Edition Rating: 5 out of 5 stars5/5
Reviews for Markets Never Forget (But People Do)
48 ratings4 reviews
- Rating: 5 out of 5 stars5/5A lesson that could be applied for more than the stock market, a great demonstration about the case if the author.
- Rating: 5 out of 5 stars5/5Excellent book about investing.
Excellent correlation explained between stocks and history. - Rating: 5 out of 5 stars5/5Great to hear why not dumping entire portfolio is a good thing.
The historical proof offered makes it easier to stay the cousre - Rating: 4 out of 5 stars4/5It's great with plenty of examples and statistics but if you read his other book The Only Three Questions That Still Count, most of the information and lessons can be read there as well