The Little Book of Market Myths: How to Profit by Avoiding the Investing Mistakes Everyone Else Makes
Publisher: Recorded Books
Date: January 2014
Duration: 3 hours 51 minutes
Everybody knows that a strong dollar equals a strong economy, bonds are safer than stocks, stocks are more volatile now and stop-losses are a smart, money-saving tactic . . . right?
These are just a few widely believed but potentially dangerous market myths New York Times and Wall Street Journal bestselling author Ken Fisher dismantles in this wise, informative, wholly entertaining new book.
As a long-term Forbes columnist and CEO of a global money management firm managing tens of billions for high-net-worth individuals and institutions, Ken knows a thing or two about what works and what's bunk when it comes to investing wisdom.
Bringing together some of Ken's best myth debunking and market sleuthing of the past twenty-five years, in an easy-to-digest, bite-sized format, The Little Book of Market Myths exposes some of the most common-- and deadly-- myths investors swear by. And he demonstrates why subscribing to the rule-of-thumb approach to investing could prevent you from reaching your long-term investing goals.
But this book is more than just a list of myths. One after another, Ken takes each commonly held belief or "surefire" strategy and explains why the myth persists, why it doesn't work and just how damaging it can be to your financial health. And each chapter is a primer on how you can apply the same "debunking" tactics yourself, now and for the rest of your investing time horizon. Whether you're a novice investor or a longtime veteran, this book arms you with priceless insights to help you identify major errors you may be committing and help you see the world clearer-- so you can improve your investing results.