Beat the Crowd, Kenneth L. Fisher
Beat the Crowd, Kenneth L. Fisher
List: $19.99 | Sale: $13.99
Club: $9.99

Beat the Crowd
How You Can Out-Invest the Herd by Thinking Differently

Author: Kenneth L. Fisher, Elisabeth Dellinger

Narrator: Brian Holsopple

Unabridged: 9 hr 11 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 07/07/2022

Includes: Bonus Material Bonus Material Included

Synopsis

Most investors are wrong most of the time. To be a true contrarian investor, you know you wont be right all the time. You know the market is The Great Humiliator and you expect to be wrong 30-40% of the time. The difference though is that a contrarian will be right more often than wrong. The real contrarian knows markets look 3 to 40 months out and look hardest at the next 12 to 18 months. They know every earnings report, corporate action, GDP release, etc. is baked in nanoseconds after its released. They know its not a matter of whether things like Obamacare are good or bad, because anything so widely discussed is already priced in. They know infinite, unforeseeable technological changes will collide to address whichever long-term thing everyone fears. So they look at todays fundamental reality, and they try to game how it will impact corporate earnings looking forward. They look at sentiment and try to game whether its too high or too low given where earnings will be. This is Beating the Crowd.

Reviews

Goodreads review by Joel

WHEN PEOPLE STARE AT ONE THING, THEY OVERLOOK SOMETHING ELSE. If you want to produce the best results in 20 or 30 years you have to be flexible. A flexible viewpoint is a matter of avoiding a peculiar trait of human nature, which is to buy the things that you wish you had bought in the past, or to co......more

Goodreads review by John

“The Great Humiliator” - The Stock Market TGH loves what few can conceive. The more people moved to cities, the more horses were needed to carry goods & people across town. 10s of thousands of horses to power buggies, wagons, & buses but came millions of pounds of manure-per day. Great Horse Manure cr......more

Goodreads review by Brian

The first half of the book is quite worth reading. One of the interesting point made was that most of the books and news are either about past events or long term issues that will only have an impact far into the future. But past events are instantaneously reflected in stock price and market rarely......more

Goodreads review by Roy

This is a pretty good and easy guide on how to invest like a true contrarian and, in the long run, achieve above-market investment returns. Being a true contrarian isn't easy, and often requires not just the courage to stick all the way through but more importantly what Howard Marks calls the "secon......more

Goodreads review by Henry

- Experts/Media/The Crowd are typically wrong. The contrarians who bet against others solely because they want to bet on the opposite are typically wrong too. One should aim to be the third category, not the crowd, not the contrarian, but independent thinker. - Everything that's widely expected in th......more

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