book

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

by Elisabeth Dellinger, Kenneth L. Fisher

March 2015

Beginner

320 pages

6h 56m

English

Wiley

Read now

Unlock full access

Wall Street’s Contrarian ContradictionThe Curmudgeon’s ConundrumThere Is Always a ButWhy Most Investors Are Mostly Wrong Most of the TimeThe First Rule of True ContrarianismThe All-Seeing MarketDifferent, Not OppositeThe Right Frame of MindCheck Your Ego
Wall Street’s Useless/Useful Fascination With CalendarsProfessional GroupthinkHow the Contrarian Uses Professional ForecastsEven the Best Fall Sometimes . . .How to Beat the StreetNotes
The Media’s Flawed Financial EyesightDracula Around the CornerLooking for Growth in All the Wrong PlacesThe Magic IndicatorWar—What Is It Good For?Don’t Be a Cow, Be a ContrarianNotes
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 KnowNotes
How the Elephant Got Its TusksDumbo, Gross Margins and Other High-Flying ElephantsWhen Good News Dresses Up as Bad NewsThe Yield Curve CurveballWhen Elephants AttackA Brief History of TragedyWhen Textbooks LieIt Can’t Be an Elephant If …Notes
Step 1: Ditch Your BiasesMy Guy Is Best, Your Guy Is Worst and Other Unhelpful OpinionsA Magical Elephant Named Gridlock(Not) Just a Bill Sittin’ on Capitol HillThat Which Is Seen and That Which Is UnseenWhat’s Worse Than a Politician?Why the Government Already Made the Next Crisis WorseNotes
Don’t Toss Your Textbooks—But Know Their Limitations!The First Commandment: P/Es Aren’t PredictiveThe CAPEd Crusader Is No SuperheroSmall Beats All?Fancy Formulas and Other Academic KryptoniteTheory Isn’t RealityIf Not School, Where?Notes
Miley Cyrus, Justin Bieber and Pop Star EconomistsClassics Are Classic for a ReasonPhilosophy and Econ 101How to Learn From the LegendsThose Who Forget History . . .Classics in the Twenty-First CenturyNotes
Where It All BeganThe Beginnings of Behavioral Finance’s DriftWhen Academics Met Capitalism and MarketingBehavioral Finance and Tactical PositioningRecency Bias and SentimentHow to Gain a Tactical Advantage With Behavioral FinanceA Section for Stock PickersKnow When to Say WhenGetting Back to Self-ControlNotes

How to Use the NewsWhat the Media Always MissesIn Technology (and Capitalism) We TrustParting ThoughtsNotes

Overview

Train your brain to be a real contrarian and outsmart the crowd

Beat the Crowd is the real contrarian's 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.