The following fascinating interview was provided by Kenneth L. Fisher, head of the money management firm Fisher Investments, long time columnist for Forbes Magazine, billionaire, and author of numerous books. His latest book is Beat the Crowd: How You Can Out-Invest the Herd by Thinking Differently, which I highly recommend.
You may have seen him on TV commercials, or you may have spotted his magazine ads. If you are a reader of Forbes, you would definitely find his column. Fisher is on the Forbes 400 list of richest Americans and Forbes world billionaires list. According to Investment Advisor magazine, he is one of the 30 most influential people in the investment advisory business over the last 30 years. Fisher is considered to be the largest wealth manager in the United States.
We cover a lot in this interview, including:
- Whether or not we are still in a bull market
- What it means to be a true contrarian
- What the professional forecasters are predicting for the stock market this year (and why they are probably wrong)
- Using the Leading Economics Index to predict the next few months
- The concept of “not in the next 30 months”
- Positive and negative “Elephants in the Room”
- Concerns about the future consequences of punishing good banks for bailing out bad banks
- Annuities, terrorism, climate change, debt, and much, much more.
Books by Ken Fisher
Here are some other books by Ken Fisher, which are worth checking out:
The Only Three Questions That Still Count: Investing By Knowing What Others Don’t
(A great companion to the Beat the Crowd book.)
The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)
(This is actually my favorite book of his, maybe because it is so different from all the other finance books. It basically tells you ten ways, with all the steps, to get really rich, including “marrying a billionaire.” Lot’s of insight and lots of humor.)
Markets Never Forget (But People Do): How Your Memory Is Costing You Money and Why This Time Isn’t Different
The Little Book of Market Myths: How to Profit by Avoiding the Investing Mistakes Everyone Else Makes
Debunkery: Learn It, Do It, and Profit from It-Seeing Through Wall Street’s Money-Killing Myths
How to Smell a Rat: The Five Signs of Financial Fraud
(If you want to avoid getting ripped off, you really need to read this book.)
Other Books that Ken Fisher Recommends
In Chapter 8 of his Beat the Crowd book, he recommends several books for additional reading. Here are many of those books:
The Intelligent Investor: The Definitive Book on Value Investing
Common Stocks and Uncommon Profits
Reminiscences of a Stock Operator
Contrarian Investment Strategies: The Psychological Edge
Where Are the Customers’ Yachts?: or A Good Hard Look at Wall Street
That Which Is Seen and That Which Is Not Seen: The Unintended Consequences of Government Spending
How Capitalism Will Save Us: Why Free People and Free Markets Are the Best Answer in Today’s Economy
Business Cycles
How to Lie with Statistics
A Monetary History of the United States, 1867-1960
Growth and Welfare in the American Past: A New Economic History
The Rational Optimist: How Prosperity Evolves
Senseless Panic: How Washington Failed America
The Interview
You will certainly enjoy all this great information that Ken Fisher provides.
To stream the interview, click:
You can download as an mp3 by right-clicking here and choosing “save as.”
Let us know what you think about this interview by entering your comments in the comment section below.
All opinions are those of Ken Fisher, and do not represent the opinions of Stockerblog.com or the interviewer. Neither Stockerblog nor the interviewer nor the interviewee are rendering tax, legal, or investment advice in this interview.