ISBN 9788126556137,Beat the Crowd : How you can Out-Invest the Herd by Thinking Differently

Beat the Crowd : How you can Out-Invest the Herd by Thinking Differently



Wiley India Pvt Ltd

Publication Year 2015

ISBN 9788126556137

ISBN-10 8126556137


Number of Pages 320 Pages
Language (English)


Train your brain to be a real contrarian and outsmart the crowd Beat the Crowd is the real contrarians guide to investing, with comprehensive explanations of how a true contrarian investor thinks and acts and why it works more often than not. Bestselling author Ken Fisher breaks down the myths and cuts through the noise to present a clear, unvarnished view of timeless market realities, and the ways in which a contrarian approach to investing will outsmart the herd. In true Ken Fisher style, the book explains why the crowd often goes astray - and how you can stay on track.

Contrarians understand how headlines really affect the market and which noise and fads they should tune out. Beat the Crowd is a primer to the contrarian strategy, teaching readers simple tricks to think differently and get it right more often than not.
Discover the limits of forecasting and how far ahead you should look
Learn why political controversy matter less the louder it gets
Resurrect long-forgotten, timeless tricks and truths in markets
Find out how the contrarian approach makes you right more often than wrong
A successful investment strategy requires information, preparation, a little bit of brainpower, and a larger bit of luck. Pursuit of the mythical perfect strategy frequently lands folks in a cacophony of talking heads and twenty-four hour noise, but Beat the Crowd cuts through the mental clutter and collects the pristine pieces of actual value into a tactical approach based on going against the grain.

About the Author

Ken Fisher is best known for his prestigious 'Portfolio Strategy' column in Forbes magazine, where his over 30-year tenure of high-profile calls makes him the third longestrunning columnist in Forbes's 90-plus-year history. He is the founder, Chairman and CEO of Fisher Investments, an independent global money management firm managing over $60 billion for individuals and institutions globally. Fisher is ranked #240 on the 2014 Forbes 400 list of richest Americans and #653 on the 2014 Forbes Global Billionaire list. In 2010, Investment Advisor magazine named him among the 30 most influential individuals of the last three decades.

Fisher has authored numerous professional and scholarly articles, including the awardwinning Cognitive Biases in Market Forecasting. He has also written ten previous books, including national bestsellers The Only Three Questions That Count, The Ten Roads to Riches, How to Smell a Rat, Debunkery and Markets Never Forget (But People Do), all published by Wiley. Fisher has been published, interviewed and/or written about in many major American, British and German finance or business periodicals. He has a weekly column in Focus Money, Germany's leading weekly finance and business magazine.

Elisabeth Dellinger is an analyst and staff writer at Fisher Investments and has been with the firm for over a decade. She is a senior editor of financial news websites.

Table of Contents

Chapter 1: Your Brain Training Guide

Wall Street's Contrarian Contradiction
The Curmudgeon's Conundrum
There Is Always a But
Why Most Investors Are Mostly Wrong Most of the Time
The First Rule of True Contrarianism
The All-Seeing Market
Different, Not Opposite
The Right Frame of Mind
Check Your Ego

Chapter 2: For Whom the Bell Curve Tolls

Wall Street's Useless/Useful Fascination With Calendars
Professional Groupthink
How the Contrarian Uses
Professional Forecasts
Even the Best Fall Sometimes.
How to Beat the Street

Chapter 3: Dracula and the Four Horsemen of the Media Apocalypse

The Media's Flawed Financial Eyesight
Dracula Around the Corner
Looking for Growth in All the Wrong Places
The Magic Indicator
War--What Is It Good For?
Don't Be a Cow, Be a Contrarian

Chapter 4: Not in the Next 30 Months

Baby Boomer Bomb?
What About Social Security and Medicare?
But What if the ""Lost Generation""Stays Lost?
What About Debt?
But What if Debt Causes Runaway Inflation?
But What if America Stops Innovating?
But What About Global Warming?
What About Income Inequality?
What if the Dollar Loses Its Place as the World's Reserve Currency?
What the Markets Know

Chapter 5: Take a Safari With Jack Lemmon and Walter Matthau

How the Elephant Got Its Tusks
Dumbo, Gross Margins and Other High?]Flying Elephants
When Good News Dresses Up as Bad News
The Yield Curve Curveball
When Elephants Attack
A Brief History of Tragedy
When Textbooks Lie
It Can't Be an Elephant If

Chapter 6: The Chapter You'll Love to Hate

Step 1: Ditch Your Biases
My Guy Is Best, Your Guy Is Worst and Other Unhelpful Opinions
A Magical Elephant Named Gridlock
(Not) Just a Bill Sittin' on Capitol Hill
That Which Is Seen and That Which Is Unseen
What's Worse Than a Politician?
Why the Government Already Made the Next Crisis Worse

Chapter 7: Put Those Textbooks Away

Don't Toss Your Textbooks--But Know Their Limitations!
The First Commandment: P/Es Aren't Predictive
The CAPEd Crusader Is No Superhero
Small Beats All?
Fancy Formulas and Other Academic Kryptonite
Theory Isn't Reality
If Not School, Where?

Chapter 8: Throw Away This Book!

Miley Cyrus, Justin Bieber and Pop Star Economists
Classics Are Classic for a Reason
Philosophy and Econ 101
How to Learn From the Legends
Those Who Forget History
Classics in the Twenty?]First Century

Chapter 9: When Miley Cyrus Meets Ben Graham: Misadventures in Behavioral Finance

Where It All Began
The Beginnings of Behavioral Finance's Drift
When Academics Met Capitalism and Marketing
Behavioral Finance and Tactical Positioning
Recency Bias and Sentiment
How to Gain a Tactical Advantage With Behavioral Finance
A Section for Stock Pickers
Know When to Say When
Getting Back to Self?]Control

Chapter 10: The Negative Myopic Media

How to Use the News
What the Media Always Misses
In Technology (and Capitalism) We Trust
Parting Thoughts