20/20 Money : See the Markets Clearly and Invest Better Than the Pros

by Michael Hanson

• ISBN13: 9780470493717
• ISBN10: 0470493712
• Format: eBook
• Copyright: 2009-04-01
• Publisher: Wiley

Summary

2O/2O MoneySee the Markets Clearly and Invest Better Than the ProsTo truly outperform today's markets, you need to see the investment landscape clearly. 20/20 Money-the latest title from Fisher Investments Press-can help you achieve this goal.Designed to make you think differently about your investing choices, this reliable resource addresses new ideas and challenges widely held conventions. With 20/20 Money as your guide, you'll quickly learn how gaining a firm understanding of various concepts-from stock market and systems theory to neuroscience and psychology-can put you in a better position to excel in today's turbulent investment arena. Along the way, you'll also discover some of the most successful strategies for thinking and learning, and how they can improve your overall investment endeavors.To better protect your portfolio and increase opportunities for superior long-term returns, you have to have the discipline to make tough choices-choices that may not always be in line with others. But with the approach outlined throughout these pages, you can gain the vision to make the most informed investment decisions possible and help improve your long-term results.About Fisher Investments PressFisher Investments Press brings the research, analysis, and market intelligence of Fisher Investments' research team, headed by CEO and New York Times bestselling author Ken Fisher, to all investors. The Press covers a range of investing and market-related topics for a wide audience-from novices to enthusiasts to professionals.

Table of Contents

Acknowledgments

Introduction

Asking the Right Questions

Investing is a Science.

Apollo's Arrow Shot Crooked

Dionysus-More Than Just a Good Vintner

Use the Method, Not the Dogma

Careful with Categories

Could Math be Wrong?

Reduction: Why You Can't Quantify Everything

Investing is a Discipline.

Discipline, Discipline, Discipline

Sagacity: Seeing Isn't Believing

Understanding and Being Curious

Human Behavior.

Brain Basics

Brains on the Market

My, What a Terrible Memory You Have!

Bad Behaviorism

Behavioral Miscellany

Sentiment and the Media.

Sentiment Basics

News and the Media

What's Their Motive?

Tips and Tricks to Navigate the Media

Metaphors We Invest By

How Stock Markets Really Work.

Capitalism by Any Other Name

It's ComplicatedàA Crash Course in CEAS

The New Golden Rule

Oldest and Still the Best: Supply and Demand

Forecasting, Part 1-The Principle of Probability.

Forecasting Is Strange Alchemy

Types of Predictions

Probability Theory, or How Markets Are Nothing Like Coin Tosses

The Biggest Problem of Them All

Investing Lessons from Probability

Looking Aheadà

Forecasting, Part 2 -Recognizing Patterns.

A Pattern by Any Other Name

Stock Market Patterns

Patterns through the Noise

It's a Game of Relative Expectations

Back to the Future: Using History to Find Patterns

Three Big Drivers

An Optimistic Note on Future Patterns

Practical Portfolio Management.

The Virtues of Heuristics

Goal Setting

Personal Goals

Portfolio Goals

The Top-Down Philosophy

Miscellaneous Heuristics

The Nature of Risk and Navigating Markets in Troubled Times.

Risk and Uncertainty

Financial Risk, or What Happens When You Assume

In Troubled Times

Parting Thoughts

Notes

Selected Bibliography and Further Reading

About the Author

Index

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