Kenneth Fisher Zitate auf Englisch

Zitat des Tages von Kenneth Fisher:

Readers regularly ask what can go wrong but almost never what could positively surprise.

Windmills and solar cells are carbon-free sources of electricity. But they are costly. If you've been investing in those, give it up. That game is effectively over.

Kenneth Fisher

You may have seen my firm's ads screaming, 'I Hate Annuities.' Folks ask why we run them. Simple: Because I do.

Kenneth Fisher

Italians have always had a high savings rate. They love putting their money into their own government bonds - even more than in houses, stocks and gold. The higher rates climb, the happier they are to invest. So if austerity plans drive rates up, it's music to Italian ears.

Kenneth Fisher

Normally, if you have a huge category that leads a bear market all the way down to the bottom - like tech after 2000, or energy in the '80-'82 bear market - you get one quick pop, and then years of lag as we fight the old war.

Kenneth Fisher

Plenty of funds have fine long-term returns despite being tax-inefficient and generally costly. But a dirty secret is this: Average, no-load fund investors do much worse than the funds - or the market.

Kenneth Fisher

People do dollar cost averaging because they have regret of making one big mistake. But the fact of the matter is that, mathematically, the market rises more of the time than it falls. It falls, but it rises more of the time than it falls.

Kenneth Fisher

A constant in my approach to investing: You should think politically but unconventionally.

Kenneth Fisher

Having different types of stocks in your portfolio can enhance returns.

Kenneth Fisher

In the early days, I promoted the idea of spending time in libraries to gain facts that other investors didn't have. Not many people did that kind of research, so it worked.

Kenneth Fisher

Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.

Kenneth Fisher

Long before folks fretted the demise of 'quantitative easing,' I fretted its existence. It proved the reverse of its image, an antistimulus, and we've done okay not because of it, but despite it.

Kenneth Fisher

Generally, variations in earnings aren't nearly as impactful on glamour growth stocks as are changes in image and, well, sexiness. I often think of glamour stocks as though they are attractive women dressing to the nines.

Kenneth Fisher

I never liked quantitative easing. It's misunderstood by almost everybody. Flattening the yield curve is not stimulative; flattening the yield curve is anti-stimulative.

Kenneth Fisher

I've done well over time but made lots of mistakes, too. Learn from your mistakes.

Kenneth Fisher

If you're 35, 45, or even 55 - you have a very long time horizon - 40 years or vastly more. That is you, and/or your spouse, are likely to live about that long, and you'll be investing the whole way.

Kenneth Fisher

To me 'The Big Easy' is shorthand for owning big stocks that are easy for wary investors to buy into. These stocks tend to outperform during the back half of bull markets.

Kenneth Fisher

Despite its many critics, hydraulic fracturing will change the nature of energy production.

Kenneth Fisher

Global stocks bottomed in June 1921, but global economies didn't hit bottom for fully two more years.

Kenneth Fisher

Readers regularly ask what can go wrong but almost never what could positively surprise.

Kenneth Fisher

The bubble, as investing phenomenon, has been well studied ever since the 17th-century tulip bulb frenzy. Its counterpart in bear markets is not well understood.

Kenneth Fisher

The latter part of bull markets are typically led by stocks that are seen then as high quality, but the ones that do best are the ones that weren't seen as such high quality before.

Kenneth Fisher

All equity categories, correctly calculated, create near-identical lifelong returns. They just get there via wildly differing paths.

Kenneth Fisher

If some stock categories get too hot-and-pricey, mass supply is created via stock offerings to tap that cheap money - and, when overdone, drives it all down.

Kenneth Fisher

In history, the evidence is overwhelming: Stock market bottoms happen, and then stocks jolt upwards while the economy keeps getting worse - sometimes by a lot and for a long time.

Kenneth Fisher

Investors covet past improvements but also always believe pricing unimaginable future creativity and efficiency gains is Pollyannaish. And they're always wrong. Bet on it.

Kenneth Fisher