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epub Beat the Crowd: How You Can Out-Invest the Herd by Thinking Differently (Fisher Investments Press) download

by Elisabeth Dellinger,Ken Fisher

  • ISBN: 1118973054
  • Author: Elisabeth Dellinger,Ken Fisher
  • ePub ver: 1752 kb
  • Fb2 ver: 1752 kb
  • Rating: 4.3 of 5
  • Language: English
  • Pages: 320
  • Publisher: Wiley; 1 edition (March 30, 2015)
  • Formats: azw doc docx mbr
  • Category: Money
  • Subcategory: Investing
epub Beat the Crowd: How You Can Out-Invest the Herd by Thinking Differently (Fisher Investments Press) download

This is the 3rd Ken Fisher book I've read, and once again, I'm very impressed by the overall simplicity of concepts combined with the deep knowledge and real evidence (not statistical jargon!) he provides in his work. I'm by no means a financial guru, but I read about "money" quite a bit, and I struggle to find an author I'd place above him in terms of logical, practical, and applicable advice.

This is the 3rd Ken Fisher book I've read, and once again, I'm very impressed by the overall simplicity of concepts combined with the deep knowledge and real evidence (not statistical jargon!) he provides in his work.

Start by marking Beat the Crowd: How You Can Out-Invest the Herd by Thinking Differently (Fisher Investments Press) as Want to Read: Want to Read savin. ant to Read. Bestselling author Ken Fisher breaks down the myths and cuts through the noise to present a clear, unvarnished view of timeless market r. Train your brain to be a real contrarian and outsmart the crowd.

In true Ken Fisher style, the book explains why the crowd often goes astray-and how you can stay .

In true Ken Fisher style, the book explains why the crowd often goes astray-and how you can stay on track. Contrarians understand how headlines really affect the market and which noise and fads they should tune out. Beat the Crowd is a primer to the contrarian strategy, teaching readers simple tricks to think differently and get it right more often than not. Discover the limits of forecasting and how far ahead you should look. Learn why political controversy matter less the louder it gets. Resurrect long-forgotten, timeless tricks and truths in markets

In true Ken Fisher style, the book explains why the crowd often goes astray-and how you can stay on track. Beat the Crowd is the real contrarian’s guide to investing, with comprehensive explanations of how a true contrarian investor thinks and acts – and why it works more often than not. Bestselling author Ken Fisher breaks down the myths and cuts through the noise to present a clear, unvarnished view of timeless market realities, and the ways in which a contrarian approach to investing will outsmart the herd.

In true Ken Fisher style, the book explains why the crowd often goes astray-and . ISBN 13: 978-1-118-97307-3. Series: Fisher Investments Press. Resurrect long-forgotten, timeless tricks and truths in markets.

Billionaire investor Ken Fisher says ignore it al.

Billionaire investor Ken Fisher says ignore it all. If you're picking stocks, disregard the media and market chatter. They're doing it for you as a free service," says Ken Fisher, CEO of Fisher Investments, a money management firm in Portland, Oregon. Let me worry about something else - that's where the worry should be applied. General Motors Greece: Fisher, a self-described "old goat" from Portland, Oregon, details his strategy in his latest book, "Beat the Crowd: How You Can Out-Invest the Herd by thinking Differently. For example, many investors are concerned about Greece defaulting, leaving the Euro zone or both.

By Ken Fisher with Elisabeth Dellinger. Hardcover: 320 pages. Bestselling author Ken Fisher’s new book goes back to his roots to cover how you can be a crowd-beating contrarian investor. Many misunderstand contrarianism

By Ken Fisher with Elisabeth Dellinger. Many misunderstand contrarianism. They believe it means doing the opposite of everyone else. If the masses are bullish, the contrarians are bearish, and vice versa. Few realize these supposed contrarians form their own crowd that behaves as herd-like as the masses they’re trying to outsmart

Train your brain to be a real contrarian and outsmart the crowd

Beat the Crowd is the real contrarian’s guide to investing, with comprehensive explanations of how a true contrarian investor thinks and acts – and why it works more often than not. Bestselling author Ken Fisher breaks down the myths and cuts through the noise to present a clear, unvarnished view of timeless market realities, and the ways in which a contrarian approach to investing will outsmart the herd. In true Ken Fisher style, the book explains why the crowd often goes astray—and how you can stay on track.

Contrarians understand how headlines really affect the market and which noise and fads they should tune out. Beat the Crowd is a primer to the contrarian strategy, teaching readers simple tricks to think differently and get it right more often than not.

Discover the limits of forecasting and how far ahead you should lookLearn why political controversy matter less the louder it getsResurrect long-forgotten, timeless tricks and truths in marketsFind out how the contrarian approach makes you right more often than wrong

A successful investment strategy requires information, preparation, a little bit of brainpower, and a larger bit of luck. Pursuit of the mythical perfect strategy frequently lands folks in a cacophony of talking heads and twenty-four hour noise, but Beat the Crowdcuts through the mental clutter and collects the pristine pieces of actual value into a tactical approach based on going against the grain.

Comments (7)

Mamuro
If you are an active investor you will find this a fascinating and useful book. It teaches you how to spot when a bull market will become a bear market in time. That is get out before the decline. Fischer explains in great detail why the majority of investors gets out too early before the bull market has peaked or too late when a bull market has already for a considerable period changed to a bear market. He shows how taking the Leading Economic Indicator, the LEI, seriously is the right way.

Important reasons why investors get the timing wrong are lack of discipline and ignorance in the sense of wrong concepts. Discipline refers especially to not selling unnecessarily. Shares go up and down. Most investors when a position in a portfolio goes down consider selling and replacing it by a winner. They consider a small loss far more important than a large gain. This is behavior based on the past of what has already happened. Fischer points out that what matters is what is expected to happen in the next 30 months.

Another important factor is the media that write about the stock market. People are more interested in bad news than good news, and therefore the majority of articles are written about short-term disappointments and negative developments further in the future than 30 months. His definite view is that both short-term opinions and extrapolations of the past and past 30 months predictions are useless for predicting changes from bull to bear and vice versa.

Fischer points to more than thirty widely held views he considers wrong. Some examples. A high Price Earnings ratio (PE) has no validity in predicting a better or worse development than a low PE. Small companies do not have a superior long-term performance than large ones. The increase from long-term interest rates does not lead to a change in a bull market. Wars do not influence the stock market other than of the magnitude such as World War II. Fisher presents straightforward statistical proofs. He puts these concepts to tests to determine if these widely held view correspond to what happened in reality. It is necessary to look at a complete picture; there are always examples where these factors appeared to be right, but they are far fewer than when proven wrong. For learning to spot in time approaching bears and bulls this book is first class, five stars.

Fisher frequently states that he is not a sociologist but nevertheless holds very negative opinions about politicians. Many people will have different views. His negative views of political leaders are so strong that they even get in the way of his statistical proofs. For example he states on page 132 that in 1938 the GDP started to increase when Franklin Roosevelt was president and on page 143 that a bear market reigned from 1934 to 1942. The reality is that already in 1934, FDR's second year in office, GDP increased with 10.8%. He states about the ACA on page 152 that the uninsured were reduced with between 7 to 10 million and on page 154 only with 1.1% which is only 3.5 million or half.

Fisher as a non-sociologist has very definite opinions on government. He sometimes creates the impression that the kind of policies that President Hoover pursued most of the time of non-interference in the economy is the only right policy and political action. I nevertheless also enjoyed this part as he does also make thought-provoking comments on political action.
Dead Samurai
Worth reading. To be a good investor or speculator, you need to keep your spirits and mind clear. And to do that you have to shut out the din the media creates. This book is about the things you *don't* need to bother thinking about, and about the sorts of things you do need to consider.

I find Fisher a little tiresome at times, in some of his other books and occasionally in this one. The contrarian schtick among other things. But even given that, this book is worth reading. It will free up your mind to think about the important things, or even just to rest a while. It's not that long or hard and it will sweep out all the incessant KRP. And save you time-- no, you don't need to watch that "financial" TV show.

I'm very glad I read it.
Memuro
This is the first one of Ken Fisher's books I have ever read, and I have to say I was pleasantly surprised. I was worried that I might not understand it or get lost after the first chapter, but actually it was pretty easy to follow. He goes through his explanation of contrarian investing (which I did not know much about before) and it all made good sense. He talks about a lot of things you hear on the news day to day, like global warming and America's runaway debt problems. The part that was interesting to me is that he does not really go into a long diatribe about what will or won't happen with these issues, he simply describes what they mean for an average investor. He also makes a lot of pop culture references that seemed unusual for a finance book but some of them were pretty funny. I will probably pick up one of his old books based on how much I enjoyed this one.
Dyni
Just finished up with this book last night, and I'm glad I found it. I've dabbled on and off with investments over the years, with streaks of success and patches of rockiness. This book helped me to rethink some of my basic approaches to my portfolio, and in fact I'm probably going to look at my investments this weekend and make some changes based on what I've learned. In particular, I've found that I'm paying too much attention to short-term news and letting it make me either too excited or too scared. The funny thing is that I kind of already knew that about myself, and often times I would make a change knowing that I probably shouldn't. Reading through this book has affirmed that I should stick more to fundamentals and not worry so much about what I read in the paper or see on TV.

The book itself is an easy read and only took me two days to finish. It's also written in a way that seems easy to understand even for someone who doesn't have a background in investing or know all the technical jargon. I also like that there are a lot of charts and other graphics to visualize the points being made. I always find it easier to see a concept displayed in a graph so that was a big help for me.

Would definitely recommend this book for anyone managing their own investments or just interested in how it works.
Daigrel
I was a longtime reader of Mr. Fisher's column in Forbes magazine. Mr. Fisher is my favorite author when it comes to financial markets. He provides a lot of information that in retrospect should be obvious. This book is excellent at understanding why so many people in the herd are wrong so often. Mr. Fisher always blends in some humor which makes his writing fun as well as educational. He includes a lot of information regarding other books on this subject. Excellent as always!
Blacknight
This is the 3rd Ken Fisher book I've read, and once again, I'm very impressed by the overall simplicity of concepts combined with the deep knowledge and real evidence (not statistical jargon!) he provides in his work. I'm by no means a financial guru, but I read about "money" quite a bit, and I struggle to find an author I'd place above him in terms of logical, practical, and applicable advice. He is easy to follow no matter what your level of expertise might be - I highly recommend this newest book!

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