May 2010
Beginner
504 pages
17h 27m
English
Content preview from The Making of a Market Guru: Forbes Presents 25 Years of Ken FisherBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 5. 1988: Ear to the Ground
"Why did stocks do better [than Treasuries or inflation] over the last 60 years? Probably for the reason I expect them to do better over the next 60 years. Stock represents business ownership. And businesses are run by adaptable people who can change with a changing world."
—"Anything That Can Happen ... Probably Will," October 24, 1988
"Fear is highest around market bottoms, when it's the best time to buy.... The essence of money management is weighing possibilities against probabilities and going against your gut."
—"Anything That Can Happen ... Probably Will," October 24, 1988
Nineteen-eighty-eight offered a few distractions from the Black Monday hangover. One major part of the world was rapidly changing. In the USSR, Mikhail Gorbachev was implementing dramatic social and economic reforms known as "perestroika" — a first step in the dismantling of the Soviet Union. In the US, George H. W. Bush defeated Republican contenders, including Bob Dole and televangelist Pat Robertson, to win the presidential nomination and eventually the presidency over Democrat Michael Dukakis. Sports offered some memorable moments as well. Hobbled Dodger Kirk Gibson hit his dramatic bottom-of-the-ninth-inning homerun to win Game One of the World Series. Still, all the distractions in the world weren't enough to make folks forget the stock market crash.
Ken was still short-term bullish. "There are so many short-term bullish signs now that it's a miracle everyone seems so ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.