Kenneth Fisher Quotes

United States, Businessman
November 29, 1950

Kenneth Lawrence Fisher (born November 29, 1950) is an American investment analyst and the founder and chairman of Fisher Investments, a fee-only financial adviser with United States offices in Woodside California; San Mateo, California; Camas, Washington; and Plano, Texas, and international offices in England, Germany, Australia, Japan, and the Dubai International Financial Centre. Fisher's Forbes "Portfolio Strategy" column ran from 1984 to 2017, making him the longest continuously-running columnist in the magazine's history.

Also known as Founder, Analyst

Both cheap value stocks and more glamorous growth stocks can work well in a portfolio - if done right.

Kenneth Fisher
- Work
- Done
- Value
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
- Money
- Taken

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
- Long
- Emotional
- Confused
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
- Business
- Stock
Italians have always had a high savings rate. They love putting their money into their own government bonds - even more than in houses, stocks and gold. The higher rates climb, the happier they are to invest. So if austerity plans drive rates up, it's music to Italian ears.

Kenneth Fisher
- Up
- Music
- Money
Originally, I thought Republican. Now I'm an equal opportunity politician-hater.

Kenneth Fisher
- Opportunity
Back in the '60s and '70s, data were scarce, and while analysts knew that companies with fat gross margins lagged those with thin gross margins early in bull markets - and overachieved in the later phases - they couldn't do much about it.

Kenneth Fisher
Normally, the market peaks before bad news emerges. That's what happened in 1929, and that's what happened in 2000.

Kenneth Fisher
- Bad

Anyone can see how if a feared tax hike doesn't happen, that's a positive factor. But even if tax hikes happen as feared, vast history tells me it doesn't have to have the big bad impact folks fear. And fear of a false factor is always bullish.

Kenneth Fisher
- History
- Bad
- Fear
Fundamentally cheap stocks are often held in low regard by market participants. Something may be tainting their perception in investors' minds.

Kenneth Fisher
- May
- Perception
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
- Quality
- Risk
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
- War
- Energy