Sunday, December 19, 2010

Investing is a probabilities game

BookValue
Debunkery
Ken Fisher
( http://www.wiley.com/)

Shattering harmful market untruths

Expect average returns. One big bear and you are done. GDP makes stocks grow. Low P/Es mean low risk. Oil and stocks seesaw. High unemployment is a killer. Stop-losses stop losses. These are some of the ‘widespread and frequently harmful market untruths, and misconceptions most investors fall prey to,' discussed by Ken Fisher in Debunkery. A huge part of successful investing is just avoiding common errors most folks make repeatedly, rues Fisher

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