Wall Street Journal Best Seller
Markets Never Forget (But People Do): How Your Memory Is Costing You Money and Why This Time Isn't Different
Think "this time it's different"? Think again.
Sir John Templeton famously said those are the four most expensive words in the English language.
Ken Fisher's 8th book shows you how investors' memories frequently play tricks on them--and how those tricks are often costly. Readers can use the book to learn to improve their investing error rate by combating their faulty memories--with just a bit of history.
This isn't to say history repeats perfectly, nor that it predicts the future. But while history may not repeat, a recession is still a recession; a credit crisis is still a credit crisis. Bear markets aren't new--nor are bull markets. Some of these events are vastly bigger than others--but investors have lived through them all before. And understanding how investors have reacted to past similar events can help guide you in shaping better forward-looking expectations. The past never predicts the future, but it can reduce guesswork about what's ahead.
2 www.cxoadvisory.com/gurus. As of 10/10/2013. Fisher Investments has no affiliation with CXO Advisory Group. Ken Fisher's market forecasts in Forbes represent his personal forecasts of the overall market and are not an indication of the performance of Fisher Investments. Not all forecasts may be as accurate as those in the past. Investing in securities involves the risk of loss. Past performance is no guarantee of future results.