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The Only Three Questions That Count: Investing by Knowing What Others Don't (Paperback)
by Kenneth L. Fisher, Jennifer Chou, Lara Hoffmans
Category:
Introduction to investing, Value investing, Investment guide, Personal finance |
Market price: ¥ 298.00
MSL price:
¥ 278.00
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Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ] |
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Good for Gifts
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MSL Pointer Review:
Engaging, educating and filled with straightforward investing insights, this is a wonderful book with great financial and life lessons. |
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Author: Kenneth L. Fisher, Jennifer Chou, Lara Hoffmans
Publisher: Wiley
Pub. in: December, 2006
ISBN: 047007499X
Pages: 480
Measurements: 9.1 x 6.2 x 1.9 inches
Origin of product: USA
Order code: BA01090
Other information: ISBN-13: 978-0470074992
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- Awards & Credential -
New York Times Bestseller and an Amazon.com bestseller in investing/personal finance categories. |
- MSL Picks -
Whatever philosophy about investing you may hold, Ken Fisher's "The Only Three Questions That Count: Investing by Knowing What Others Don't" will enrich your thinking and improve your performance. Make no mistake: this book is not just good; it's great!
As the title implies, to get to the nuggets of truth - and superior performance - that others miss, you must ask three questions: what do you believe that is actually false; what can you fathom that others find unfathomable; and what the heck is my brain doing to blindside me?
Fisher addresses these questions with wit and verve, writing in a breezy and provocative style that makes the reader want to keep turning each page. Fisher's argument begins with the efficient market hypothesis - that all information known by the investment community is already priced into the markets. Absent trading on inside information, which is illegal, how, then, can an investor beat the market? The answer, Fisher says, is to ask the first of the three questions and realize that much of what is believed by others is simply not true.
Fisher shows this by testing the mathematical correlation between commonly held beliefs and subsequent investment returns. Are high P/E markets riskier than low P/E markets? Will government deficits lead to economic collapse? Will rising oil prices seal the doom of common stock returns? Analyzing the historical data, Fisher shows that each of these beliefs - and many others - is a myth.
Once an investor accepts that the conventional wisdom is mistaken, he can next ask Fisher's Question Two and fathom what others find unfathomable by ignoring the noise and focusing on events and relationships that do correlate.
(C. A. Lewis, USA)
Target readers:
An essential readining for all investors.
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Ken Fisher is best known for his prestigious "Portfolio Strategy" column in Forbes magazine, where his twenty-two-year tenure of high-profile calls makes him the fifth longest-running columnist in Forbes' eighty-nine-year history. He is also the founder, Chairman, and CEO of Fisher Investments, an independent global money management firm with over $30 billion in assets. Consistently ranked the most accurate published market forecaster by third-party CXO Advisory Group, Fisher was ranked 297 on the 2006 Forbes 400 list of richest Americans. He is the award-winning author of numerous scholarly articles and has published three previous major finance books including 1984's bestselling stock market book, Super Stocks. He also writes frequently for other business and financial publications, including a regular column for Bloomberg Money in Britain.
Jennifer Chou graduated from the University of California with a BS in finance. She is a Research Analyst of global capital markets and macroeconomics at Fisher Investments.
Lara Hoffmans graduated from the University of Notre Dame with a BA in theatre. She is a Research Analyst at Fisher Investments.
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From Publisher
Ken Fisher questions authority. He challenges the conventional wisdom of investing, overturns glib theories with hard facts, and blows up complacent beliefs about money and markets. But the authority he challenges most of all is his own - because challenging yourself, Fisher says, is the key to successful investing.
In today's competitive market environment, the best way to achieve investment success is by knowing something that others don't. But many of us, amateurs and professionals alike, believe we don't or can't know what others don't - so we continue to make market bets based on "conventional wisdom."
In The Only Three Questions That Count, Fisher debunks the conventional market myths that many of our investment decisions are based upon, and reveals a precise methodology that will allow you to know what others don't. The methodology - which has helped Fisher achieve success throughout his long financial career - is as easy as asking three simple questions. The first question will help you see things the way they really are. The second question will help you see things that other investors often miss. Finally, the third question will help you understand your relationship with today's markets.
The questions detailed throughout the book aren't what you might expect; they don't have to do with the market's P/E ratio or interest rate forecasts. Rather, they focus on helping you make better investment decisions by identifying what you can know - unique to you - that others do not.
In the first three chapters of this groundbreaking guide, Fisher takes you through each question in detail. And from there, through numerous illustrative examples, he shows you how to put them to work in various ways. You'll learn how to use the questions to think about the overall market, different parts of the market, and even individual stocks. You'll also become familiar with how to apply them to interest rates, currencies, and many other investment areas. Fisher leaves no stone unturned as he explains how each of these three questions can help consistently improve your investment performance.
Filled with in-depth insights, expert advice, and engaging anecdotes, The Only Three Questions That Count provides you with a dynamic strategy and set of tools that will give you a distinct edge over other investors.
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View all 12 comments |
James J. Cramer (From the Foreword of the book), USA
<2007-11-26 00:00>
I believe that reading this book may be the single best thing you could do this year to make yourself a better investor. |
Gregory E. Johnson, President and Chief Executive Officer Franklin Resources, Inc. , USA
<2007-11-26 00:00>
The Only Three Questions That Count is a great resource for investors. Ken pushes his readers to go against the grain and not accept conventional investing thinking. His questions are food for thought for anyone craving a fresh take on investing. |
Steve Forbes, CEO of Forbes, Inc. and Editor in Chief of Forbes, USA
<2007-11-26 00:00>
Money manager maestro Ken Fisher has been profitably enlightening our readers with his columns for more than twenty years. Investors will find this brilliant book an eye-opening, capital-gains producing experience. |
Norm Conley, TheStreet.com (MSL quote), USA
<2007-11-26 00:00>
This book is quite simply the single best tome on investing that I have read in years. |
View all 12 comments |
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