From the Inside Flap
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 commonand deadlymyths 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 clearerso you can improve your investing results.
Fun, insightful, at times, irreverent, The Little Book of Investing Myths offers vivid proof of the old adage "the truth shall set you free"to increase the odds you achieve your long-term investing goals
From the Back Cover
"By demolishing so many wealth-destroying myths, Ken Fisher has performed a priceless service for investors at a time when they need all the help they can get."
Steve Forbes, Chairman and Editor-in-Chief, Forbes Media
Learn the truth about common investing myths and the truth shall set you free
Have you ever asked if what you believe to be true actually is? If not, why not? A huge amount of what most investors believe is actually wholly or partially untrueutter market myth leading to, at times, costly errors.
But investors don't follow myths because they know they're wrong. They follow myths because they seem like smart, common sense, "everyone knows" market wisdom. How can you tell the difference between myth and reality?
By questioning. And in The Little Book of Market Myths, CEO and bestselling author Ken Fisher questions everything. From the belief that bonds are always safer than stocks to the idea that America's big debt must spell economic doom. He stamps out rules of thumb and overturns decades of widely accepted but ultimately misguided market wisdom.
In doing so, he shows readers how they, too, can question everything and see the world more clearly. And by seeing the world more clearly, they can begin seeing better investing results.
Read The Little Book of Market Myths yourself and start investing based on reality, not "everyone knows" mythology.