Beat the Crowd: How You Can Out-Invest the Herd by Thinking Differently

Elisabeth Dellinger · Kenneth L. Fisher

Jul 2022 · Gildan Media · Kimesimuliwa na Brian Holsopple

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Most investors are wrong most of the time. To be a true contrarian investor, you know you wont be right all the time. You know the market is The Great Humiliator and you expect to be wrong 30-40% of the time. The difference though is that a contrarian will be right more often than wrong. The real contrarian knows markets look 3 to 40 months out and look hardest at the next 12 to 18 months. They know every earnings report, corporate action, GDP release, etc. is baked in nanoseconds after its released. They know its not a matter of whether things like Obamacare are good or bad, because anything so widely discussed is already priced in. They know infinite, unforeseeable technological changes will collide to address whichever long-term thing everyone fears. So they look at todays fundamental reality, and they try to game how it will impact corporate earnings looking forward. They look at sentiment and try to game whether its too high or too low given where earnings will be. This is Beating the Crowd.

Kuhusu mwandishi

Ken Fisher was born November 29, 1950 in San Francisco, California. Fisher is best known for his prestigious Portfolio Strategy column in Forbes magazine, where his twenty-five-year tenure of high-profile calls makes him the fourth longest-running columnist in Forbes 90-plus-year history. Ken is the founder, Chairman, and CEO of Fisher Investments, an independent global money management firm. He is on Investment Advisor magazine's prestigious IA-25 list of the industry's most influential people; is the award-winning author of numerous scholarly articles; and has published books, including the New York Times bestsellers The Only Three Questions That Count, The Ten Roads to Riches and Beat the Crowd: How You Can Out-Invest the Herd by Thinking Differently - all of which are published by Wiley. Fisher has been published, interviewed, and/or appeared in most major American, British, and German finance or business periodicals. He has a weekly column in Focus Money, Germany's leading weekly finance magazine.