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What is the most common investor mistake? Trading - getting in and getting out at all the wrong times, for all the wrong reasons.
Kenneth Fisher -
Buying only what you know can end in disaster. Just think about Enron's employees and business partners, the 'locals' who bought lots of its stock because they thought they were in the know.
Kenneth Fisher
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Generally, variations in earnings aren't nearly as impactful on glamour growth stocks as are changes in image and, well, sexiness. I often think of glamour stocks as though they are attractive women dressing to the nines.
Kenneth Fisher -
If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.
Kenneth Fisher -
Fundamentally cheap stocks are often held in low regard by market participants. Something may be tainting their perception in investors' minds.
Kenneth Fisher -
I never liked quantitative easing. It's misunderstood by almost everybody. Flattening the yield curve is not stimulative; flattening the yield curve is anti-stimulative.
Kenneth Fisher -
Hundreds of investors ask me questions each year about the dilemmas they confront. Their worst problem? Uncertainty. They are traumatized and become emotional or confused to the state of inaction. Even worse, they try to solve a short-term problem in a way that hurts them financially in the long run.
Kenneth Fisher -
Over rolling long periods, U.S. and non-U.S. stocks tend to equalize.
Kenneth Fisher
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In the early days, I promoted the idea of spending time in libraries to gain facts that other investors didn't have. Not many people did that kind of research, so it worked.
Kenneth Fisher -
Both cheap value stocks and more glamorous growth stocks can work well in a portfolio - if done right.
Kenneth Fisher -
Normally, if you have a huge category that leads a bear market all the way down to the bottom - like tech after 2000, or energy in the '80-'82 bear market - you get one quick pop, and then years of lag as we fight the old war.
Kenneth Fisher -
If you are prepared for some risk, junk bonds pay about 5%, but they tend to get whacked when interest rates rise. Same with lower-yielding but higher-quality corporate bonds.
Kenneth Fisher