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Debunkery:

Learn It, Do It, and Profit from It -- Seeing Through Wall Street's Money-Killing Myths
Front Cover
7 Reviews
John Wiley & Sons, Sep 9, 2010 - Business & Economics - 272 pages
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.

  

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Review: Debunkery: Learn It, Do It, and Profit from It--Seeing Through Wall Street's Money-Killing Myths

User Review  - Alexander - Goodreads

This was a lot of fun. Easy to read in small pieces, but some great information, charts, etc. Couldn't find anything to dislike. Read full review

Review: Debunkery: Learn It, Do It, and Profit from It--Seeing Through Wall Street's Money-Killing Myths

User Review  - Read Ng - Goodreads

I learned how to re-exam my views of some important financial investment approaches. Read full review

All 7 reviews »

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Contents

Basic Bunk to Make You Broke
1
WellRested Investors Are Better Investors
9
Age Equals Asset Allocation
17
Capital Preservation and Growth Is Possible
23
One Big Bear and Youre Done
30
Growth Is Best for All Time No Value
39
Wall Street Wisdom
49
Dollar Cost AveragingLower Risk Better Returns
57
Concentrate to Build Wealth
130
History Lessons
135
Pray for Budget Surpluses
137
High Unemployment Is a Killer
143
With Gold Youre Golden
148
Stocks Love Lower Taxes
152
Oil and Stocks Seesaw
158
Swine Flu SARS Ebola and Other Viral Disasters Make Markets Sick
163

Variable Annuities Are AllUpside No Downside
60
EquityIndexed AnnuitiesBetter Than Normal Annuities
65
Passive Investing Is Easy
68
Do Better With Mutual Funds by Sending Your Spouse on a Shopping Spree
72
Beta Measures Risk
75
Equity Risk PremiumsForecasting Future Returns With Ease
80
When the VIX Is High Its Time to Buy
84
Be Confident on Consumer Confidence
88
All Hail the Mighty Dow
92
Everyone Knows
99
So Goes January
101
Sell in May
104
Low PEs Mean Low Risk
107
A Strong Dollar Is Super
112
Dont Fight the Fed
116
Interest Pays Dividends
120
Buy a 5 CD for 5 Cash FlowEasy
123
Baby Boomers Retire World Ends Etc
126
Consumers Are King
167
Presidential Term Cycles Are Stock Market Voodoo
172
My Political Party Is Best for Stocks
178
Stock Returns Are Too High and Must Fall
182
Its a Great Big World
187
Foreign Stocks Just Feel So Foreign
189
Who Needs Foreign?
192
Big Debt Is National Death
195
America Cant Handle Its Debt
199
Indebted to China
202
Trade Deficits Make Deficient Markets
206
GDP Makes Stocks Grow
211
Terrorism Terrorizes Stocks
215
Notes
219
About the Authors
228
Index
229
Copyright

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About the author (2010)

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.

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