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
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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 is best known for his prestigious ""Portfolio Strategy"" column in Forbes Magazine, the fourth longest-running columnist in Forbes' ninety-year history. He is also founder, Chairman, and CEO of Fisher Investments, an independent global money management firm with over $45 billion in assets. He is the award-winning author of numerous scholarly articles and has published four previous major finance books, including 2006's New York Times bestseller The Only Three Questions That Count. He has a weekly column in Handelsblatt, Germany's leading finance daily.
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Reviews for Markets Never Forget (But People Do)
50 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